Foundation for the Iowa City Community School District

Analysis

Foundation for the Iowa City Community School District is a registered charity in United States, based in Iowa City, IA. It received its IRS tax-exemption ruling in June 1983, 43 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, Foundation for the Iowa City Community School District reported income of $1.7m and spending of $1.3m, leaving 24% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.3m to $1.7m (+27%), an average of +8.2% a year. The sharpest change came in the year to June 2023, when income rose by 32%. Over the whole period it spent 85% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Foundation for the Iowa City Community School District sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within IA. Charities of a similar size with the same main cause include Aware Inc ($1.7m), Society for Adolescent Health and Medicine ($1.7m) and Laguna de Santa Rosa Foundation ($1.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $115k (8.9% of expenses). Other salaries and wages came to $47k. At year end it held assets of $4.1m against liabilities of $0, net assets of $4.1m.