I B T Corporation
501(c)(2)
Only null% goes to programs Strong reserves
I B T Corporation is a 501(c)(2) organization based in S Charleston, West Virginia, registered in 1958, with $72,300 in FY2024 revenue. CharityIndex grades it D.
267 Staunton Ave, S Charleston, WV, 25303 EIN 55-6023575 Since 1958
Revenue (FY2024)
$72K
▼ 52.4% vs prior year
Expenses (FY2024)
$127K
Net assets
$1.0M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
D
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for I B T Corporation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
FFinancial health25% of the rating97 mo reserves · -76% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For I B T Corporation: 97 mo reserves · -76% margin earns a F on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for I B T Corporation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For I B T Corporation: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
- Address
- 267 Staunton Ave, S Charleston, WV, 25303
- City
- S Charleston
- State
- West Virginia
- Category
- —
- Subcategory
- —
- Website
- …
Financial trends
Revenue declined from $94K (FY2013) to $72K (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $1.0M
Operating margin
-75.5%
Spent more than it raised in the latest fiscal year.
Total assets
$1.0M
Total liabilities
$0
Net assets
$1.0M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $72,300▼52.4% | $126,904▼16.4% | $1,021,357▼5.1% | $1,021,357▼5.1% | 990 |
| 2023 | $152,000▲107% | $151,846▲16.9% | $1,075,961▼8.5% | $1,075,961▼8.5% | 990 |
| 2022 | $73,500▼6.9% | $129,900▲12.9% | $1,175,807▲16.7% | $1,175,807▲16.7% | 990 |
| 2021 | $78,911▲1.8% | $115,064▲8.1% | $1,007,628▼3.5% | $1,007,628▼3.5% | 990 |
| 2020 | $77,500▼0.9% | $106,400▼3.3% | $1,043,781▼2.7% | $1,043,781▼2.7% | 990 |
| 2019 | $78,193▼0.2% | $110,070▼9.3% | $1,072,681▼2.9% | $1,072,681▼2.9% | 990 |
| 2018 | $78,339▲2.1% | $121,374▼7.8% | $1,104,558▼4.3% | $1,104,558▼4.3% | 990 |
| 2017 | $76,733▲0.3% | $131,579▼31.6% | $1,153,753▼4.5% | $1,153,753▼4.5% | 990 |
| 2016 | $76,500▼0.6% | $192,439▲38.7% | $1,208,599▼8.8% | $1,208,599▼8.8% | 990 |
| 2015 | $76,979▼75.2% | $138,765▼2.4% | $1,324,538▼4.5% | $1,324,538▼4.5% | 990 |
| 2014 | $309,915▲230% | $142,142▲3.5% | $1,386,324▲13.8% | $1,386,324▲13.8% | 990 |
| 2013 | $93,904 | $137,293▲5.4% | $1,218,551▼3.4% | $1,218,551▼3.4% | 990 |
| 2012 | — | $130,284▲4.6% | $1,261,940▼3.3% | $1,261,940▼3.3% | 990 |
| 2011 | — | $124,514▲1.2% | $1,304,611▼4.7% | $1,304,611▼4.7% | 990 |
| 2010 | — | $123,058 | $1,368,278 | $1,368,278 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Frequently asked questions
- Is I B T Corporation a legitimate nonprofit?
- Yes. I B T Corporation is a 501(c)(2) organization registered with the U.S. Internal Revenue Service under EIN 55-6023575, based in S Charleston, West Virginia.
- What is I B T Corporation's EIN?
- I B T Corporation's Employer Identification Number (EIN) is 55-6023575.
- How much revenue does I B T Corporation report?
- I B T Corporation reported $72,300 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does I B T Corporation have?
- CharityIndex grades I B T Corporation D, based on financial health (reserves and operating margin).
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Data for I B T Corporation (EIN 55-6023575) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.