Independence Blue Cross Foundation
1901 Market Street, Philadelphia, PA · IRS data through FY2023
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2023 | $15,536,483 | $10,430,571 | $129,970,011 |
| FY2022 | $1,000,827 | $12,873,110 | $117,154,939 |
| FY2021 | $24,274,350 | $8,813,453 | $149,354,335 |
| FY2020 | $36,771,481 | $6,531,950 | $127,953,077 |
| FY2019 | $3,232,209 | $6,459,842 | $93,230,347 |
| FY2015 | $6,301,563 | $5,686,489 | $60,755,148 |
| FY2014 | $6,245,369 | $5,575,525 | $62,341,977 |
| FY2013 | $1,046,271 | $4,310,281 | $57,904,345 |
| FY2012 | $15,761,950 | $6,193,145 | $55,576,234 |
| FY2011 | $35,012,105 | $3,284,579 | $41,868,777 |
Form 990 filings
The returns filed by Independence Blue Cross Foundation (EIN 36-4685801), including Form 990-PF PDFs and e-file data by year, are available in ProPublica's Nonprofit Explorer. The figures on this page come from IRS data files built from those returns.
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $10,354,932 | 67% |
| Other revenue | $5,181,551 | 33% |
Grants paid
Total contributions, gifts and grants paid by year, as reported on Form 990-PF. Individual recipients are not published. See private foundations in PA. See the largest grantmakers.
| Tax year | Grants paid |
|---|---|
| FY2023 | $8,466,130 |
| FY2022 | $11,926,171 |
| FY2021 | $7,945,427 |
| FY2020 | $5,576,089 |
| FY2019 | $4,491,475 |
| FY2015 | $5,308,991 |
| FY2014 | $5,000,963 |
| FY2013 | $3,862,774 |
| FY2012 | $5,143,599 |
| FY2011 | $3,283,095 |
What the numbers show
- Contributions & grants made up 67% of total revenue in FY2023.
- Net assets covered about 149.5 months of expenses at the end of the reporting year. That puts it in the 52nd percentile among 2818 Philanthropy, Voluntarism & Grantmaking Foundations organizations in PA.
- Total revenue was higher than 98.4% of 2871 Philanthropy, Voluntarism & Grantmaking Foundations organizations in PA.
- Total revenue fell from $35,012,105 in FY2011 to $15,536,483 in FY2023. Revenue increased in 4 and decreased in 5 of 9 year-over-year comparisons.
- Expenses exceeded revenue in 3 of 10 reported years (FY2013, FY2019, FY2022).
- The highest revenue on record here is $36,771,481 in FY2020.
- Net assets grew from $41,868,777 to $129,970,011 between FY2011 and FY2023.
- Contributions and grants made up 100% of revenue in FY2011 and 67% in FY2023.
- Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (private foundation).
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
IRS status
| Ruling year | 2011 |
| Subsection | 501(c)(3) |
| Classification | Private foundation |
| Program area (NTEE) | T20 — Philanthropy, Voluntarism & Grantmaking Foundations (in PA) |
| Donations | Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (private foundation). |
Similar organizations
- Donald B and Dorothy L Stabler Foundation — Camp Hill, PA · $15,995,340
- Lor Foundation Inc — West Chester, PA · $14,754,002
- Dicks Sporting Goods Foundation — Coraopolis, PA · $16,726,802
- I Am Mercy Foundation — Haverford, PA · $13,779,079
- Daniel B and Florence E Green Foundation — Conshohocken, PA · $12,132,631
- United Way of Greater Philadelphia and Southern New Jersey — Philadeplhia, PA · $19,407,958
- York County Community Foundation — York, PA · $19,493,761
- Community Foundation of Greater Johnstown — Johnstown, PA · $20,703,045
Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded November 4, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
Think something here is wrong or should be removed? Use the contact form — we act on removal requests within 30 days.