The Ibelieve Foundation

Analysis

The Ibelieve Foundation is a registered charity in United States, based in Columbus, OH. It received its IRS tax-exemption ruling in October 2017, 9 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 December 2023, The Ibelieve Foundation reported income of $174k and spending of $356k, spending 205% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income fell from $597k to $174k (-71%), an average of -22% a year. The sharpest change came in the year to December 2023, when income dropped by 65%. Over the whole period it spent 107% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, The Ibelieve Foundation sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 51st percentile within OH. Charities of a similar size with the same main cause include Mondays Hope ($174k), Mill Cove Inc ($174k) and Bellepoint Youth Athletics Inc ($173k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $60k (17% of expenses). Other salaries and wages came to $128k. It paid $14k in professional fundraising fees. At year end it held assets of $56k against liabilities of $28k, net assets of $28k. It reported 5 employees.