Iowa Mennonite School

Analysis

Iowa Mennonite School is a registered charity in United States, based in Kalona, IA. It received its IRS tax-exemption ruling in February 1979, 47 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, Iowa Mennonite School reported income of $1.7m and spending of $1.9m, spending 110% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.5m to $1.7m (+14%), an average of +4.4% a year. The sharpest change came in the year to June 2021, when income rose by 35%. Over the whole period it spent 109% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Iowa Mennonite School sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within IA. Charities of a similar size with the same main cause include West Hernando Christian School Inc ($1.7m), Summit Academy Secondary School- Middletown ($1.7m) and Classical Academy Inc ($1.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 63% and program service revenue 25% of the total. Other salaries and wages came to $977k. At year end it held assets of $3.5m against liabilities of $75k, net assets of $3.4m. It reported 46 employees.