Central Gardens of North Iowa Inc

Analysis

Central Gardens of North Iowa Inc is a registered charity in United States, based in Clear Lake, IA. It received its IRS tax-exemption ruling in June 2002, 24 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Central Gardens of North Iowa Inc reported income of $167k and spending of $185k, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $240k to $167k (-30%), an average of -8.7% a year. The sharpest change came in the year to December 2022, when income dropped by 31%. Over the whole period it spent 95% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Central Gardens of North Iowa Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 50th percentile within IA. Charities of a similar size with the same main cause include Little League Baseball Inc ($167k), Holyoke Rows Inc ($167k) and Boonsboro Area Athletic Association ($167k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 63% of the total. Compensation of current officers, directors and key employees was $36k (19% of expenses). At year end it held assets of $1.7m against liabilities of $809, net assets of $1.7m. It reported 2 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.