International Biochar Initiative

Analysis

International Biochar Initiative is a registered charity in United States, based in Norfolk, VA. It received its IRS tax-exemption ruling in March 2008, 18 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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, International Biochar Initiative reported income of $794k and spending of $633k, leaving 20% of income unspent that year. Across the 2 years on record, from June 2021 to June 2023, income grew from $410k to $794k (+93%), an average of +94% a year. The sharpest change came in the year to June 2023, when income rose by 93%. Over the whole period it spent 58% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, International Biochar Initiative sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 77th percentile within VA. Charities of a similar size with the same main cause include Woodcock Nature Center Inc ($793k), Natural Area Association ($795k) and Florida Keys Land & Sea Trust Inc ($793k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 86% and program service revenue 14% of the total. Compensation of current officers, directors and key employees was $109k (17% of expenses). Other salaries and wages came to $106k. At year end it held assets of $307k against liabilities of $2,704, net assets of $304k. It reported 1 employees.