Ipd Breakthrough Fund

Analysis

Ipd Breakthrough Fund is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in May 2021, 5 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 supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Ipd Breakthrough Fund reported income of $3.5m and spending of $2.8m, spending 80% of its income. Across the 4 years on record, from December 2020 to December 2023, income fell from $6.1m to $3.5m (-42%), an average of -17% a year. The sharpest change came in the year to December 2022, when income dropped by 45%. Over the whole period it spent 19% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Ipd Breakthrough Fund sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within WA. Charities of a similar size with the same main cause include Pencil Inc ($3.5m), Southeast Community Development ($3.5m) and Hattie Larlham Foundation ($3.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% of the total. At year end it held assets of $15.8m against liabilities of $1.1m, net assets of $14.8m.