Iowa City Unesco City of Literature

Analysis

Iowa City Unesco City of Literature is a registered charity in United States, based in Iowa City, IA. It received its IRS tax-exemption ruling in May 2010, 16 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2024, Iowa City Unesco City of Literature reported income of $244k and spending of $259k, spending 106% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $237k to $244k (+2.9%), an average of +0.6% a year. The sharpest change came in the year to June 2022, when income rose by 21%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Iowa City Unesco City of Literature sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 59th percentile within IA. Charities of a similar size with the same main cause include Young Money Finances ($244k), Proprietors of the Salem Athenaeum ($244k) and Minnesota Brass Incorporated ($244k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 68% and program service revenue 31% of the total. Compensation of current officers, directors and key employees was $105k (41% of expenses). Other salaries and wages came to $40k. At year end it held assets of $250k against liabilities of $40k, net assets of $209k. It reported 5 employees.