Ibc Bonaire Inc

Analysis

Ibc Bonaire Inc is a registered charity in United States, based in Brentwood, TN. It received its IRS tax-exemption ruling in July 2016, 10 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Ibc Bonaire Inc reported income of $59k and spending of $57k, spending 97% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $53k to $59k (+11%), an average of +11% a year. Over the whole period it spent 93% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Ibc Bonaire Inc sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 21st percentile within TN. Charities of a similar size with the same main cause include Whitewater Islamic Center ($59k), Casa de Alabanza Worship House Inc ($59k) and Family Life Institute Dean Sanders Treasury ($59k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $60k against liabilities of $31k, net assets of $29k.