Iowa Student Loan Liquidity Corp

Analysis

Iowa Student Loan Liquidity Corp is a registered charity in United States, based in WDM, IA. It received its IRS tax-exemption ruling in February 1981, 45 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Iowa Student Loan Liquidity Corp reported income of $101.5m and spending of $103.5m, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $72.5m to $101.5m (+40%), an average of +8.8% a year. The sharpest change came in the year to June 2023, when income rose by 100%. Over the whole period it spent 118% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Iowa Student Loan Liquidity Corp sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within IA. Charities of a similar size with the same main cause include University of California Irvine Foundation ($101.1m), Coordinated Behavioral Care Inc ($101.7m) and Granada Hills Charter ($101.0m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 94% of the total. Compensation of current officers, directors and key employees was $2.5m (2.4% of expenses). Other salaries and wages came to $7.1m. At year end it held assets of $1.74bn against liabilities of $1.25bn, net assets of $488.5m. It reported 88 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.