Ebt Foundation Inc

Analysis

Ebt Foundation Inc is a registered charity in United States, based in Rockhill Furnace, PA. It received its IRS tax-exemption ruling in April 2020, 6 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Ebt Foundation Inc reported income of $3.1m and spending of $2.9m, spending 92% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $2.4m to $3.1m (+32%), an average of +9.8% a year. The sharpest change came in the year to December 2023, when income rose by 53%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Ebt Foundation Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 88th percentile within PA. Charities of a similar size with the same main cause include Friends of Levitt Pavilion Denver ($3.1m), California Jazz Conservatory Inc ($3.1m) and Morris Museum Inc ($3.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 60% and program service revenue 36% of the total. Other salaries and wages came to $871k. At year end it held assets of $11.2m against liabilities of $11.6m, net assets of -$399k. It reported 40 employees.