Community Foundation for Western Iowa

Analysis

Community Foundation for Western Iowa is a registered charity in United States, based in Council BLFS, IA. It received its IRS tax-exemption ruling in August 2008, 18 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Community Foundation for Western Iowa reported income of $4.6m and spending of $5.5m, spending 118% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $8.5m to $4.6m (-45%), an average of -14% a year. The sharpest change came in the year to December 2020, when income rose by 151%. Over the whole period it spent 40% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Community Foundation for Western Iowa sits at the 93rd percentile: it is larger than about 92% 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 Shirleys Way ($4.6m), FSC I&p ($4.6m) and Washington Lawyers Committee for Civil Rights & Urban Affairs ($4.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 53% of the total. Compensation of current officers, directors and key employees was $161k (2.9% of expenses). Other salaries and wages came to $273k. At year end it held assets of $44.6m against liabilities of $4.9m, net assets of $39.7m. It reported 7 employees.