Iowa Western Community College Foundation

Analysis

Iowa Western Community College Foundation is a registered charity in United States, based in Council Bluffs, IA. It received its IRS tax-exemption ruling in April 1984, 42 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Iowa Western Community College Foundation reported income of $4.6m and spending of $4.0m, spending 87% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $7.3m to $4.6m (-37%), an average of -11% a year. The sharpest change came in the year to June 2022, when income rose by 88%. Over the whole period it spent 86% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Iowa Western Community College Foundation sits at the 89th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within IA. Charities of a similar size with the same main cause include Community Christian Academy ($4.6m), Theodore F Jenkins Memorial Law Library Company ($4.6m) and Charter Academy of the Redwoods ($4.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 79% and program service revenue 0.5% of the total. At year end it held assets of $35.2m against liabilities of $1.5m, net assets of $33.7m.