Storm Lake School District Foundation

Analysis

Storm Lake School District Foundation is a registered charity in United States, based in Storm Lake, IA. It received its IRS tax-exemption ruling in June 1984, 42 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2024, Storm Lake School District Foundation reported income of $113k and spending of $2,500, leaving 98% of income unspent that year. Across the 3 years on record, from August 2022 to August 2024, income grew from $68k to $113k (+67%), an average of +29% a year. The sharpest change came in the year to August 2024, when income rose by 64%. Over the whole period it spent 20% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Storm Lake School District Foundation sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 39th percentile within IA. Charities of a similar size with the same main cause include Angels of Hope USA ($113k), Virginia Congress of Parents and Teachers ($113k) and Youth for Christ USA Inc ($113k).

On its Form 990-EZ for the period ending August 2024, revenue came from contributions and grants 40% of the total. At year end it held assets of $456k against liabilities of $0, net assets of $456k.