Ibis Healthcare Inc

Analysis

Ibis Healthcare Inc is a registered charity in United States, based in Tampa, FL. It received its IRS tax-exemption ruling in October 1950, 76 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Ibis Healthcare Inc reported income of $47.2m and spending of $44.9m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $36.1m to $47.2m (+31%), an average of +7.0% a year. Over the whole period it spent 95% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Ibis Healthcare Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within FL. Charities of a similar size with the same main cause include Dothouse Health Inc ($47.2m), Bethesda Long Term Care Inc ($47.2m) and Schuyler Hospital Inc ($47.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 55% and program service revenue 44% of the total. Compensation of current officers, directors and key employees was $1.3m (2.9% of expenses). Other salaries and wages came to $27.7m. At year end it held assets of $39.5m against liabilities of $5.1m, net assets of $34.4m. It reported 831 employees.