Iowa Mennonite Benevolent Association

Analysis

Iowa Mennonite Benevolent Association is a registered charity in United States, based in Kalona, IA. It received its IRS tax-exemption ruling in June 1961, 65 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Iowa Mennonite Benevolent Association reported income of $7.3m and spending of $8.4m, spending 115% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $7.4m to $7.3m (-1.2%), an average of -0.3% a year. Over the whole period it spent 103% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Iowa Mennonite Benevolent Association sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within IA. Charities of a similar size with the same main cause include Nashua Center ($7.3m), Developmental Services of Franklin County Inc ($7.3m) and Nottingham Residential Health Care Facility ($7.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.2% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $185k (2.2% of expenses). Other salaries and wages came to $4.2m. At year end it held assets of $22.3m against liabilities of $19.5m, net assets of $2.8m. It reported 159 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.