Legal Aid Society of Story County

Analysis

Legal Aid Society of Story County is a registered charity in United States, based in Nevada, IA. It received its IRS tax-exemption ruling in June 1976, 50 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 June 2023, Legal Aid Society of Story County reported income of $321k and spending of $318k, spending 99% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $299k to $321k (+7.3%), an average of +2.4% a year. The sharpest change came in the year to June 2022, when income dropped by 17%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Legal Aid Society of Story County sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 65th percentile within IA. Charities of a similar size with the same main cause include Junior Achievement USA ($321k), Fox River Industries Inc ($321k) and Ocean Beach School District Foundation ($321k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% and program service revenue 0.5% of the total. Compensation of current officers, directors and key employees was $62k (19% of expenses). Other salaries and wages came to $142k. At year end it held assets of $274k against liabilities of $20k, net assets of $254k. It reported 6 employees.