Sibley Betterment Association

Analysis

Sibley Betterment Association is a registered charity in United States, based in Sibley, IA. It received its IRS tax-exemption ruling in November 2016, 10 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Sibley Betterment Association reported income of $50k and spending of $171k, spending 341% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $42k to $50k (+19%), an average of +6.0% a year. The sharpest change came in the year to June 2022, when income rose by 86%. Over the whole period it spent 173% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Sibley Betterment Association sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 17th percentile within IA. Charities of a similar size with the same main cause include Southridge Instrumental Music and Dance Ensembles Inc ($50k), Jonathan Elementary School Parent Teacher Organization ($50k) and The Schuyler Public Library Foundation ($50k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $55k against liabilities of $37k, net assets of $18k.