Algona Community School Foundation

Analysis

Algona Community School Foundation is a registered charity in United States, based in Algona, IA. It received its IRS tax-exemption ruling in June 1985, 41 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 December 2023, Algona Community School Foundation reported income of $3.4m and spending of $1.2m, leaving 65% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income grew from $416k to $3.4m (+716%), an average of +52% a year. The sharpest change came in the year to December 2022, when income rose by 455%. Over the whole period it spent 32% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Algona Community School Foundation sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within IA. Charities of a similar size with the same main cause include United Way Community Services Inc ($3.4m), National Career Technical Education Foundation Inc ($3.4m) and Boy Scouts of America ($3.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% of the total. At year end it held assets of $15.8m against liabilities of $0, net assets of $15.8m.