Waterloo 290 Charities for Veterans and Youth Programs Inc

Analysis

Waterloo 290 Charities for Veterans and Youth Programs Inc is a registered charity in United States, based in Waterloo, IA. It received its IRS tax-exemption ruling in March 2006, 20 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2024, Waterloo 290 Charities for Veterans and Youth Programs Inc reported income of $58k and spending of $68k, spending 117% of what it took in. Across the 2 years on record, from March 2023 to March 2024, income grew from $50k to $58k (+17%), an average of +17% a year. The sharpest change came in the year to March 2024, when income rose by 17%. Over the whole period it spent 128% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Waterloo 290 Charities for Veterans and Youth Programs Inc sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 20th percentile within IA. Charities of a similar size with the same main cause include BGCDL Title Holding Company ($58k), 510media Hope Foundation Inc ($58k) and Valley Prosperity Partnership ($58k).

On its Form 990-EZ for the period ending March 2024, revenue came from contributions and grants 99% of the total. At year end it held assets of $2,092 against liabilities of $0, net assets of $2,092.