Independence Bowl Foundation

Analysis

Independence Bowl Foundation is a registered charity in United States, based in Shreveport, LA. It received its IRS tax-exemption ruling in August 1996, 30 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 February 2024, Independence Bowl Foundation reported income of $3.7m and spending of $3.3m, spending 89% of its income. Across the 5 years on record, from February 2020 to February 2024, income fell from $3.9m to $3.7m (-5.0%), an average of -1.3% a year. The sharpest change came in the year to February 2022, when income rose by 95%. Over the whole period it spent 84% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Independence Bowl Foundation sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within LA. Charities of a similar size with the same main cause include Tennessee State Soccer Association ($3.7m), Riverfront Recapture Inc ($3.7m) and Peninsula Soccer League ($3.7m).

On its Form 990 for the period ending February 2024, revenue came from contributions and grants 43% and program service revenue 33% of the total. Other salaries and wages came to $569k. At year end it held assets of $2.8m against liabilities of $1.3m, net assets of $1.5m. It reported 8 employees.