Quick charity verification for Ibtta Foundation (EIN: 208809804)
Verdict: Ibtta Foundation appears trustworthy
85/100Mission Score
$302KRevenue
$294KAssets
1Red Flags
3Strengths
Red Flags
Significant year-over-year revenue fluctuations (e.g., $254,488 in 2022 to $32,358 in 2021) could indicate unstable funding sources or project-based income variability.
Strengths
Consistent 0% officer compensation, demonstrating a strong commitment to mission-focused spending.
Positive net income in recent years (e.g., $297,193 revenue vs. $246,312 expenses in 2023).
Growing asset base, from $179,821 in 2021 to $268,821 in 2023, indicating financial stability and growth.
Spending Breakdown
How Ibtta Foundation allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
15%
Admin Costs
Reasonable — admin costs in check
5%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Ibtta Foundation
Is Ibtta Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Ibtta Foundation (EIN: 208809804) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 3 strengths noted.
Is Ibtta Foundation a good charity to donate to?
Ibtta Foundation has a Mission Score of 85/100. Revenue: $302K. Assets: $294K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Ibtta Foundation?
The Employer Identification Number (EIN) for Ibtta Foundation is 208809804. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Ibtta Foundation spend its money?
Ibtta Foundation allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Ibtta Foundation's tax-exempt status?
You can verify Ibtta Foundation's tax-exempt status using EIN 208809804 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
The IBTTA Foundation demonstrates a generally stable financial position, with recent years showing consistent revenue generation. In 2023, the organization reported revenue of $297,193 against expenses of $246,312, indicating a surplus. Its assets have grown from $179,821 in 2021 to $268,821 in 2023, suggesting prudent financial management. The organization consistently reports 0% officer compensation, which is a strong indicator of transparency and a commitment to directing funds towards its mission rather than executive salaries. While specific program spending details are not provided in the summary data, the absence of officer compensation is a positive sign for donor confidence.
However, the significant fluctuation in revenue, such as the drop from $254,488 in 2022 to $32,358 in 2021, and then a rebound, suggests potential variability in funding sources or project cycles. The liabilities have also shown some fluctuation, reaching $99,470 in 2023. A deeper dive into the functional expense breakdown would be necessary to fully assess spending efficiency across programs, administration, and fundraising. Overall, the foundation appears to be financially sound and transparent regarding executive compensation, but a more detailed expense analysis would provide a clearer picture of its operational efficiency.