Ida Grove Community Foundation Inc

Analysis

Ida Grove Community Foundation Inc is a registered charity in United States, based in Ida Grove, IA. It received its IRS tax-exemption ruling in June 2019, 7 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 December 2023, Ida Grove Community Foundation Inc reported income of $125k and spending of $98k, leaving 22% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $154k to $125k (-19%), an average of -5.1% a year. The sharpest change came in the year to December 2022, when income rose by 37%. Over the whole period it spent 64% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Ida Grove Community Foundation Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 42nd percentile within IA. Charities of a similar size with the same main cause include Ohio Association of Nonprofit Organizations ($125k), Cass County Nebraska Economic Development Council ($125k) and Glen Ellen Vocational Academy ($125k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 11% and program service revenue 75% of the total. Other salaries and wages came to $26k. At year end it held assets of $466k against liabilities of $0, net assets of $466k. It reported 4 employees.