Iba2 Inc

Analysis

Iba2 Inc is a registered charity in United States, based in Debary, FL. It received its IRS tax-exemption ruling in November 2022, 4 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Iba2 Inc reported income of $130k and spending of $81k, leaving 38% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $26k to $130k (+396%), an average of +396% a year. The sharpest change came in the year to December 2023, when income rose by 396%. Over the whole period it spent 60% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Iba2 Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 47th percentile within FL. Charities of a similar size with the same main cause include Friends of Dolores Mission School ($130k), Wallace Collection in America ($130k) and Pisgah High School Athletic Boosters Inc ($130k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 19% and program service revenue 81% of the total. At year end it held assets of $115k against liabilities of $0, net assets of $115k.