Iowa Central Community College Foundation

Analysis

Iowa Central Community College Foundation is a registered charity in United States, based in Fort Dodge, IA. It received its IRS tax-exemption ruling in March 1974, 52 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Iowa Central Community College Foundation reported income of $2.1m and spending of $1.2m, leaving 42% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $715k to $2.1m (+198%), an average of +31% a year. The sharpest change came in the year to June 2021, when income rose by 155%. Over the whole period it spent 112% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Iowa Central Community College Foundation sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 88th percentile within IA. Charities of a similar size with the same main cause include The Haven for Children Inc ($2.1m), Legacy One Development Corporation ($2.1m) and Make-A-Wish Foundation of New Mexico ($2.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 74% of the total. At year end it held assets of $12.0m against liabilities of $84k, net assets of $11.9m.