Iowa Public Radio Inc

Analysis

Iowa Public Radio Inc is a registered charity in United States, based in Des Moines, IA. It received its IRS tax-exemption ruling in August 2007, 19 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 June 2023, Iowa Public Radio Inc reported income of $12.8m and spending of $9.3m, leaving 27% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $7.0m to $12.8m (+82%), an average of +16% a year. The sharpest change came in the year to June 2022, when income rose by 59%. Over the whole period it spent 78% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Iowa Public Radio Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within IA. Charities of a similar size with the same main cause include Array Alliance Inc ($12.8m), Strathmore Hall Foundation Inc ($12.8m) and Wisconsin Public Radio Association Inc ($12.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% and program service revenue 1.4% of the total. Compensation of current officers, directors and key employees was $347k (3.7% of expenses). Other salaries and wages came to $3.4m. It paid $39k in professional fundraising fees. At year end it held assets of $15.9m against liabilities of $2.9m, net assets of $12.9m. It reported 71 employees.