Ibew Local 41 Charitable Foundation Inc

Analysis

Ibew Local 41 Charitable Foundation Inc is a registered charity in United States, based in Orchard Park, NY. It received its IRS tax-exemption ruling in June 2016, 10 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Ibew Local 41 Charitable Foundation Inc reported income of $74k and spending of $49k, leaving 33% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $71k to $74k (+3.9%), an average of +3.9% a year. Over the whole period it spent 78% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Ibew Local 41 Charitable Foundation Inc sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 29th percentile within NY. Charities of a similar size with the same main cause include Morgante Wilson Foundation ($74k), Maman Inc ($74k) and United Way of Boone County Iowa Inc ($74k).

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 $55k against liabilities of $0, net assets of $55k.