Keokuk Area Community Foundation

Analysis

Keokuk Area Community Foundation is a registered charity in United States, based in Keokuk, IA. It received its IRS tax-exemption ruling in December 2004, 22 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Keokuk Area Community Foundation reported income of $1.9m and spending of $1.2m, leaving 36% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $4.4m to $1.9m (-57%), an average of -19% a year. The sharpest change came in the year to December 2021, when income dropped by 62%. Over the whole period it spent 28% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Keokuk Area Community Foundation sits at the 87th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 87th percentile within IA. Charities of a similar size with the same main cause include Christian Health Care Center Foundation Inc ($1.9m), DFW Heavy Duty Foundation ($1.9m) and Mayors Fund for Los Angeles ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% and program service revenue 6.6% of the total. Other salaries and wages came to $118k. At year end it held assets of $20.6m against liabilities of $4.5m, net assets of $16.1m. It reported 2 employees.