Cedar Rapids Community School District Foundation

Analysis

Cedar Rapids Community School District Foundation is a registered charity in United States, based in Cedar Rapids, 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, Cedar Rapids Community School District Foundation reported income of $618k and spending of $397k, leaving 36% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income fell from $704k to $618k (-12%), an average of -4.2% a year. The sharpest change came in the year to June 2022, when income dropped by 45%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Cedar Rapids Community School District Foundation sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 76th percentile within IA. Charities of a similar size with the same main cause include Love and Care Inc ($618k), Community Housing Services ($618k) and Star House Foundation Inc ($618k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 91% of the total. Compensation of current officers, directors and key employees was $60k (15% of expenses). At year end it held assets of $1.8m against liabilities of $0, net assets of $1.8m.