Igbo

Analysis

Igbo is a registered charity in United States, based in Oakland, CA. It received its IRS tax-exemption ruling in June 1995, 31 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 June 2024, Igbo reported income of $81k and spending of $71k, spending 87% of its income. Across the 2 years on record, from June 2023 to June 2024, income grew from $63k to $81k (+29%), an average of +29% a year. The sharpest change came in the year to June 2024, when income rose by 29%. Over the whole period it spent 107% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Igbo sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 34th percentile within CA. Charities of a similar size with the same main cause include Southeastern Indiana Volleyball Club ($81k), Laredo Tennis Association Inc ($81k) and Waterboard Warriors Inc ($81k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 85% and program service revenue 7.3% of the total. At year end it held assets of $158k against liabilities of $48k, net assets of $110k.