Adel Desoto Community School District Scholarship Foundation

Analysis

Adel Desoto Community School District Scholarship Foundation is a registered charity in United States, based in Adel, IA. It received its IRS tax-exemption ruling in October 1983, 43 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Adel Desoto Community School District Scholarship Foundation reported income of $126k and spending of $66k, leaving 47% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $116k to $126k (+8.7%), an average of +2.1% a year. Over the whole period it spent 51% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Adel Desoto Community School District Scholarship Foundation sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 42nd percentile within IA. Charities of a similar size with the same main cause include Sec Education Foundation Inc ($126k), Tulare County Office of Education Foundation ($126k) and Hunter Brooks Watson Memorial Fund ($126k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 52% of the total. At year end it held assets of $1.4m against liabilities of $0, net assets of $1.4m.