Heart of Iowa School Tuition Organization Inc

Analysis

Heart of Iowa School Tuition Organization Inc is a registered charity in United States, based in Urbandale, IA. It received its IRS tax-exemption ruling in August 2006, 20 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Heart of Iowa School Tuition Organization Inc reported income of $2.0m and spending of $2.6m, spending 130% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.4m to $2.0m (+40%), an average of +8.7% a year. The sharpest change came in the year to December 2020, when income rose by 43%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Heart of Iowa School Tuition Organization Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within IA. Charities of a similar size with the same main cause include Foundation of City College of San Francisco ($2.0m), Career Compass of Louisiana ($2.0m) and Mouse Inc ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $2.1m against liabilities of $0, net assets of $2.1m.