Ibis Healthcare Foundation Inc

Analysis

Ibis Healthcare Foundation Inc is a registered charity in United States, based in Tampa, FL. It received its IRS tax-exemption ruling in February 1976, 50 years ago. 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, Ibis Healthcare Foundation Inc reported income of $226k and spending of $413k, spending 182% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $233k to $226k (-2.8%), an average of -0.7% a year. The sharpest change came in the year to June 2023, when income dropped by 44%. Over the whole period it spent 84% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Ibis Healthcare Foundation Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 60th percentile within FL. Charities of a similar size with the same main cause include Broadway Gymnastics Foundation ($226k), International Mothers Day Shrine Inc ($226k) and Pharmacy Foundation of the University of Missouri ($226k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 113% of the total. At year end it held assets of $767k against liabilities of $0, net assets of $767k.