Ibis Foundation Inc

Analysis

Ibis Foundation Inc is a registered charity in United States, based in Statesboro, GA. It received its IRS tax-exemption ruling in August 2016, 10 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Ibis Foundation Inc reported income of $101k and spending of $80k, leaving 21% of income unspent that year. Across the 2 years on record, from December 2020 to December 2022, income fell from $526k to $101k (-81%), an average of -81% a year. The sharpest change came in the year to December 2022, when income dropped by 81%. Over the whole period it spent 94% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Ibis Foundation Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 39th percentile within GA. Charities of a similar size with the same main cause include Fairness in Youth Sports Inc ($101k), Multnomah Holiness Assoc ($101k) and Moore Township Athletic Association ($101k).

On its Form 990-EZ for the period ending December 2022, revenue came from contributions and grants 97% and program service revenue 1.8% of the total. At year end it held assets of $54k against liabilities of $0, net assets of $54k.