Board of Trustees Grand Charity Fund Grand Lodge of Iowa a F & a M

Analysis

Board of Trustees Grand Charity Fund Grand Lodge of Iowa a F & a M is a registered charity in United States, based in Cedar Rapids, IA. It received its IRS tax-exemption ruling in December 1946, 80 years ago. 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 July 2023, Board of Trustees Grand Charity Fund Grand Lodge of Iowa a F & a M reported income of $7.2m and spending of $8.4m, spending 117% of what it took in. Across the 5 years on record, from July 2019 to July 2023, income grew from $6.5m to $7.2m (+9.4%), an average of +2.3% a year. The sharpest change came in the year to July 2021, when income rose by 19%. Over the whole period it spent 108% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Board of Trustees Grand Charity Fund Grand Lodge of Iowa a F & a M sits at the 94th percentile: it is larger than about 94% 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 Catherine Sheridan Housing Development Fund Company Inc ($7.2m), Roger Baldwin Foundation of ACLU Inc ($7.2m) and Opportunities Unlimited ($7.2m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 0.9% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $104k (1.2% of expenses). Other salaries and wages came to $4.3m. At year end it held assets of $7.6m against liabilities of $464k, net assets of $7.1m. It reported 159 employees.