Des Moines Area Community College Foundation

Analysis

Des Moines Area Community College Foundation is a registered charity in United States, based in Ankeny, IA. It received its IRS tax-exemption ruling in October 2020, 6 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 2023, Des Moines Area Community College Foundation reported income of $4.8m and spending of $4.2m, spending 87% of its income. Across the 4 years on record, from June 2020 to June 2023, income fell from $5.8m to $4.8m (-18%), an average of -6.3% a year. The sharpest change came in the year to June 2021, when income dropped by 36%. Over the whole period it spent 68% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Des Moines Area Community College Foundation sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within IA. Charities of a similar size with the same main cause include Allegany Community College Foundation Inc ($4.8m), I E C Social Educational & Humanitarian Aid Inc ($4.8m) and Lamad Academy Charter School ($4.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 79% of the total. At year end it held assets of $24.0m against liabilities of $1.1m, net assets of $22.9m.