Underwood Memorial Building Association

Analysis

Underwood Memorial Building Association is a registered charity in United States, based in Underwood, IA. It received its IRS tax-exemption ruling in March 2000, 26 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Underwood Memorial Building Association reported income of $96k and spending of $101k, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $59k to $96k (+62%), an average of +13% a year. The sharpest change came in the year to December 2021, when income rose by 188%. Over the whole period it spent 92% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Underwood Memorial Building Association sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 34th percentile within IA. Charities of a similar size with the same main cause include Indiana Association USA Track and Field Inc ($96k), Wolfpack Youth Running Club Inc ($96k) and Fred Bear Day Inc ($96k).

At year end it held assets of $757k against liabilities of $2,200, net assets of $755k.