Ibarra Foundation
Ibarra Foundation operates on thin margins with fluctuating revenue and minimal assets, consistently reporting zero officer compensation.
EIN: 202075703 · Salt Lake Cty, UT · NTEE: B82 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $59K |
| Total Expenses | $33K |
| Program Spending | 80% |
| Net Assets | $2K |
| Transparency Score | 65/100 |
Is Ibarra Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Ibarra Foundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Ibarra Foundation
Ibarra Foundation (EIN: 202075703) is a nonprofit organization based in Salt Lake Cty, UT, classified under NTEE code B82. The organization reported total revenue of $59K and total assets of $416 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ibarra Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Ibarra Foundation is a micro nonprofit that has been operating for 20 years, with 8 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 9.2%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $33K |
| Total Expenses | $33K |
| Surplus / Deficit | $-254 |
| Total Assets | $2K |
| Total Liabilities | $1 |
| Net Assets | $2K |
| Operating Margin | -0.8% |
| Debt-to-Asset Ratio | 0.1% |
| Months of Reserves | 0.7 months |
Financial Health Grade: C
In 2024, Ibarra Foundation reported a deficit of $254 with expenses exceeding revenue, holds 0.7 months of operating reserves (limited), has a debt-to-asset ratio of 0.1% (very low leverage).
Financial Trends
Over 8 years of filings (2012–2024), Ibarra Foundation's revenue has grown at a compound annual growth rate (CAGR) of 9.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -5.3% | +0.1% | -11.9% |
| 2023 | +59.1% | -27.5% | +345.2% |
| 2022 | -45.9% | +4.5% | -94.0% |
| 2020 | +21.3% | -19.2% | +5636.0% |
| 2015 | +67.4% | — | -99.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2006 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Ibarra Foundation with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Ibarra Foundation allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $254, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.1%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all filings, indicating that officers are either uncompensated volunteers or compensated through mechanisms not categorized as officer compensation, which is notable for an organization of its size.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Ibarra Foundation's IRS 990 filings:
- Consistent operational deficits in multiple years (e.g., 202206: $22,001 revenue vs. $46,000 expenses)
- Very low and declining asset base ($416 currently, down from $21,065 in 201406), indicating minimal financial reserves
- Fluctuating revenue streams, making long-term planning and stability challenging
Strengths
The following positive indicators were identified for Ibarra Foundation:
- Consistent reporting of 0% officer compensation, suggesting efficient use of funds at the leadership level
- Very low liabilities ($1 or $0 across all filings), indicating no significant debt burden
Frequently Asked Questions about Ibarra Foundation
Is Ibarra Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Ibarra Foundation (EIN: 202075703) some concerns. Mission Score: 65/100. 3 red flags identified, 2 strengths noted.
How does Ibarra Foundation spend its money?
Ibarra Foundation directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Ibarra Foundation tax-deductible?
Ibarra Foundation is registered as a tax-exempt nonprofit (EIN: 202075703). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Ibarra Foundation's spending goes to programs?
Ibarra Foundation directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Ibarra Foundation compare to similar nonprofits?
With a transparency score of 65/100 (Good), Ibarra Foundation is above average for NTEE category B82 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Ibarra Foundation located?
Ibarra Foundation is headquartered in Salt Lake Cty, Utah and files with the IRS under EIN 202075703. It is classified under NTEE code B82.
How many years of IRS 990 filings does Ibarra Foundation have?
Ibarra Foundation has 8 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $59K in total revenue.
Is Ibarra Foundation a good charity?
The Ibarra Foundation exhibits characteristics of a small, lean operation with no reported officer compensation, which is positive. However, its consistent operational deficits in several years (e.g., $22,001 revenue vs. $46,000 expenses in 202206) and very low asset base ($416 currently) raise concerns about its financial stability and long-term impact. Without detailed expense breakdowns, it's hard to fully assess its program efficiency.
How does Ibarra Foundation manage its finances given its low assets?
The Ibarra Foundation manages its finances on a very tight budget, often spending close to or slightly more than its annual revenue. Its low asset base, currently $416, suggests it operates with minimal reserves and relies heavily on current year's contributions to cover expenses, making it vulnerable to revenue fluctuations.
What is the trend in Ibarra Foundation's financial health?
The financial health of Ibarra Foundation shows fluctuating revenue and expenses, with several periods of deficit spending (e.g., 202406, 202206, 202006, 201506). Assets have generally declined from a peak of $21,065 in 201406 to $416 currently, indicating a lack of sustained growth or capital accumulation.
Filing History
IRS 990 filing history for Ibarra Foundation showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2012–2024), Ibarra Foundation's revenue has grown by 188.2%, moving from $12K to $33K. Total assets increased by 177.7% over the same period, from $678 to $2K. Total functional expenses rose by 203.8%, from $11K to $33K. In its most recent filing year (2024), Ibarra Foundation reported a deficit of $254, with expenses exceeding revenue. The organization holds $1 in liabilities against $2K in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $2K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $33K | $33K | $2K | $1 | — | — |
| 2023 | $35K | $33K | $2K | $1 | — | View 990 |
| 2022 | $22K | $46K | $480 | $1 | — | — |
| 2020 | $41K | $44K | $8K | $1 | — | View 990 |
| 2015 | $34K | $54K | $139 | $1 | — | View 990 |
| 2014 | $20K | $0 | $21K | $1 | — | View 990 |
| 2013 | $22K | $22K | $1K | $1 | — | View 990 |
| 2012 | $12K | $11K | $678 | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $33K, expenses of $33K, and assets of $2K (revenue -5.3% year-over-year).
- 2023: Revenue of $35K, expenses of $33K, and assets of $2K (revenue +59.1% year-over-year).
- 2022: Revenue of $22K, expenses of $46K, and assets of $480 (revenue -45.9% year-over-year).
- 2020: Revenue of $41K, expenses of $44K, and assets of $8K (revenue +21.3% year-over-year).
- 2015: Revenue of $34K, expenses of $54K, and assets of $139 (revenue +67.4% year-over-year).
- 2014: Revenue of $20K, expenses of $0, and assets of $21K (revenue -9.5% year-over-year).
- 2013: Revenue of $22K, expenses of $22K, and assets of $1K (revenue +92.2% year-over-year).
- 2012: Revenue of $12K, expenses of $11K, and assets of $678.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Ibarra Foundation:
Data Sources and Methodology
This transparency report for Ibarra Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.