Humanities Iowa

Analysis

Humanities Iowa is a registered charity in United States, based in Ames, IA. It received its IRS tax-exemption ruling in June 1976, 50 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 October 2023, Humanities Iowa reported income of $99k and spending of $442k, spending 446% of what it took in. Across the 5 years on record, from October 2019 to October 2023, income fell from $835k to $99k (-88%), an average of -41% a year. The sharpest change came in the year to October 2021, when income dropped by 90%. Over the whole period it spent 149% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Humanities Iowa sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 35th percentile within IA. Charities of a similar size with the same main cause include Peiying Chinese School Inc ($99k), Rosemont Restoration Foundation Inc ($99k) and Markazul Huda Inc ($99k).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 74% and program service revenue 4.6% of the total. Compensation of current officers, directors and key employees was $104k (24% of expenses). At year end it held assets of $671k against liabilities of $46k, net assets of $624k. It reported 1 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.