Iowa Art Works Inc

Analysis

Iowa Art Works Inc is a registered charity in United States, based in Cedar Rapids, IA. It received its IRS tax-exemption ruling in June 2019, 7 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 December 2023, Iowa Art Works Inc reported income of $283k and spending of $286k, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $257k to $283k (+10%), an average of +2.4% a year. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Iowa Art Works Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 62nd percentile within IA. Charities of a similar size with the same main cause include Florida Dance Theatre Inc ($283k), Redwood Discovery Museum ($283k) and Brooklyn Film Society Inc ($283k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 13% and program service revenue 77% of the total. Compensation of current officers, directors and key employees was $57k (20% of expenses). Other salaries and wages came to $50k. At year end it held assets of $177k against liabilities of $24k, net assets of $154k. It reported 11 employees.