Ibn Sina Foundation Inc

Analysis

Ibn Sina Foundation Inc is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in September 2002, 24 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 2022, Ibn Sina Foundation Inc reported income of $14.3m and spending of $10.2m, leaving 28% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income grew from $7.7m to $14.3m (+86%), an average of +23% a year. The sharpest change came in the year to December 2021, when income rose by 61%. Over the whole period it spent 75% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Ibn Sina Foundation Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within TX. Charities of a similar size with the same main cause include Friends House Retirement Community Inc ($14.3m), Nebraska Methodist Hospital Foundation ($14.3m) and South Shore Health Express Inc ($14.3m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 7.9% and program service revenue 83% of the total. Other salaries and wages came to $6.6m. At year end it held assets of $17.6m against liabilities of $957k, net assets of $16.6m. It reported 96 employees.