North Iowa Area Community College Foundation

Analysis

North Iowa Area Community College Foundation is a registered charity in United States, based in Mason City, IA. It received its IRS tax-exemption ruling in April 1969, 57 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, North Iowa Area Community College Foundation reported income of $8.0m and spending of $4.3m, leaving 46% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $5.3m to $8.0m (+50%), an average of +11% a year. The sharpest change came in the year to June 2022, when income dropped by 125%. Over the whole period it spent 56% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, North Iowa Area Community College Foundation sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within IA. Charities of a similar size with the same main cause include Valley School of Ligonier ($8.0m), School Choice Arizona Inc ($8.0m) and West End Preparatory School ($8.0m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 30% and program service revenue 0.8% of the total. At year end it held assets of $48.6m against liabilities of $29k, net assets of $48.6m.