Iaabc Foundation

Analysis

Iaabc Foundation is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in July 2020, 6 years ago. Its declared purposes cover animal-related, which this site groups under animals. 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 2023, Iaabc Foundation reported income of $434k and spending of $578k, spending 133% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $580k to $434k (-25%), an average of -14% a year. The sharpest change came in the year to December 2023, when income dropped by 29%. Over the whole period it spent 85% of the income it received.

Among 14,470 United States charities whose main cause is animals and that reported income, Iaabc Foundation sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 66th percentile within PA. Charities of a similar size with the same main cause include Humane Society of Harrison County Inc of West Virginia ($434k), Furry Friends ($434k) and Fayette Humane Society Inc ($433k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.6% and program service revenue 99% of the total. Other salaries and wages came to $203k. It paid $1,500 in professional fundraising fees. At year end it held assets of $275k against liabilities of $0, net assets of $275k.