Ibis Charities Foundation Inc
EIN: 460639640 · West Palm Bch, FL · NTEE: T30
| Metric | Value |
|---|---|
| Total Revenue | $650K |
| Total Expenses | $477K |
| Net Assets | $336K |
Is Ibis Charities Foundation Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Ibis Charities Foundation Inc
Ibis Charities Foundation Inc (EIN: 460639640) is a nonprofit organization based in West Palm Bch, FL, classified under NTEE code T30. The organization reported total revenue of $650K and total assets of $224K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ibis Charities Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Ibis Charities Foundation Inc is a small nonprofit that has been operating for 14 years, with 11 years of IRS 990 filings on record (2013–2023). Revenue has grown at a compound annual rate of 17.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $503K |
| Total Expenses | $477K |
| Surplus / Deficit | +$26K |
| Total Assets | $372K |
| Total Liabilities | $36K |
| Net Assets | $336K |
| Operating Margin | 5.2% |
| Debt-to-Asset Ratio | 9.7% |
| Months of Reserves | 9.4 months |
Financial Health Grade: A
In 2023, Ibis Charities Foundation Inc reported a surplus of $26K with revenue exceeding expenses, holds 9.4 months of operating reserves (strong position), has a debt-to-asset ratio of 9.7% (very low leverage).
Financial Trends
Over 11 years of filings (2013–2023), Ibis Charities Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 17.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +4.7% | +12.4% | +3.7% |
| 2022 | +70.0% | +77.4% | +23.7% |
| 2021 | -41.9% | -22.5% | +29.8% |
| 2020 | +48.1% | -6.9% | +562.7% |
| 2019 | +11.2% | +15.6% | -9.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2012 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Ibis Charities Foundation Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Ibis Charities Foundation Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $26K, with revenue exceeding expenses.
- Debt-to-asset ratio: 9.7%.
Frequently Asked Questions about Ibis Charities Foundation Inc
Is Ibis Charities Foundation Inc a legitimate charity?
Ibis Charities Foundation Inc (EIN: 460639640) is a registered tax-exempt nonprofit based in Florida. It has 11 years of IRS 990 filings on record. Total revenue: $650K. No red flags identified. Financial health grade: A.
How does Ibis Charities Foundation Inc spend its money?
Ibis Charities Foundation Inc reported $650K in total revenue in IRS 990 filings. 11 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Ibis Charities Foundation Inc tax-deductible?
Ibis Charities Foundation Inc is registered as a tax-exempt nonprofit (EIN: 460639640). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Ibis Charities Foundation Inc located?
Ibis Charities Foundation Inc is headquartered in West Palm Bch, Florida and files with the IRS under EIN 460639640. It is classified under NTEE code T30.
How many years of IRS 990 filings does Ibis Charities Foundation Inc have?
Ibis Charities Foundation Inc has 11 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 $650K in total revenue.
Filing History
IRS 990 filing history for Ibis Charities Foundation Inc showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2013–2023), Ibis Charities Foundation Inc's revenue has grown by 408.6%, moving from $99K to $503K. Total assets increased by 1691.7% over the same period, from $21K to $372K. Total functional expenses rose by 353%, from $105K to $477K. In its most recent filing year (2023), Ibis Charities Foundation Inc reported a surplus of $26K, with revenue exceeding expenses. The organization holds $36K in liabilities against $372K in assets (debt-to-asset ratio: 9.7%), resulting in net assets of $336K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $503K | $477K | $372K | $36K | — | View 990 |
| 2022 | $481K | $425K | $359K | $49K | — | View 990 |
| 2021 | $283K | $239K | $290K | $36K | — | View 990 |
| 2020 | $486K | $309K | $223K | $12K | — | View 990 |
| 2019 | $328K | $332K | $34K | $0 | — | View 990 |
| 2018 | $295K | $287K | $37K | $163 | — | View 990 |
| 2017 | $209K | $230K | $29K | $0 | — | View 990 |
| 2016 | $140K | $181K | $51K | $892 | — | — |
| 2015 | $246K | $178K | $92K | $2K | — | View 990 |
| 2014 | $106K | $99K | $24K | $1K | — | View 990 |
| 2013 | $99K | $105K | $21K | $6K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $503K, expenses of $477K, and assets of $372K (revenue +4.7% year-over-year).
- 2022: Revenue of $481K, expenses of $425K, and assets of $359K (revenue +70.0% year-over-year).
- 2021: Revenue of $283K, expenses of $239K, and assets of $290K (revenue -41.9% year-over-year).
- 2020: Revenue of $486K, expenses of $309K, and assets of $223K (revenue +48.1% year-over-year).
- 2019: Revenue of $328K, expenses of $332K, and assets of $34K (revenue +11.2% year-over-year).
- 2018: Revenue of $295K, expenses of $287K, and assets of $37K (revenue +41.1% year-over-year).
- 2017: Revenue of $209K, expenses of $230K, and assets of $29K (revenue +49.1% year-over-year).
- 2016: Revenue of $140K, expenses of $181K, and assets of $51K (revenue -42.9% year-over-year).
- 2015: Revenue of $246K, expenses of $178K, and assets of $92K (revenue +130.9% year-over-year).
- 2014: Revenue of $106K, expenses of $99K, and assets of $24K (revenue +7.6% year-over-year).
- 2013: Revenue of $99K, expenses of $105K, and assets of $21K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Ibis Charities Foundation Inc:
Data Sources and Methodology
This transparency report for Ibis Charities Foundation Inc 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.