Ibew 1393 Charity Foundation

Analysis

Ibew 1393 Charity Foundation is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in March 2022, 4 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Ibew 1393 Charity Foundation reported income of $59k and spending of $35k, leaving 41% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $64k to $59k (-7.5%), an average of -7.5% a year. Over the whole period it spent 107% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Ibew 1393 Charity Foundation sits at the 18th percentile: it is larger than about 18% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 20th percentile within IN. Charities of a similar size with the same main cause include The Renewed Hope ($59k), Discovery Therapy Network ($59k) and United Community Development of North Carolina ($59k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 197% of the total. At year end it held assets of $26k against liabilities of $0, net assets of $26k.