Mound Farm Holdings Inc

Analysis

Mound Farm Holdings Inc is a registered charity in United States, based in Cedar Rapids, IA. It received its IRS tax-exemption ruling in March 1946, 80 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Mound Farm Holdings Inc reported income of $54.4m and spending of $57.4m, spending 106% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $51.0m to $54.4m (+6.6%), an average of +1.6% a year. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Mound Farm Holdings Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within IA. Charities of a similar size with the same main cause include Governor Dummer Academy ($54.3m), Bullis School Inc ($54.4m) and Hastings College ($54.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 12% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $917k (1.6% of expenses). Other salaries and wages came to $15.2m. It paid $111k in professional fundraising fees. At year end it held assets of $100.9m against liabilities of $15.5m, net assets of $85.4m. It reported 801 employees.