Four Mounds Foundation

Analysis

Four Mounds Foundation is a registered charity in United States, based in Dubuque, IA. It received its IRS tax-exemption ruling in December 1986, 40 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Four Mounds Foundation reported income of $1.3m and spending of $1.3m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $695k to $1.3m (+84%), an average of +16% a year. The sharpest change came in the year to December 2021, when income rose by 38%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Four Mounds Foundation sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 84th percentile within IA. Charities of a similar size with the same main cause include Musicianship Inc ($1.3m), Docs Friends Inc ($1.3m) and River City Brass Band ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 38% and program service revenue 61% of the total. Compensation of current officers, directors and key employees was $51k (3.9% of expenses). Other salaries and wages came to $483k. At year end it held assets of $690k against liabilities of $299k, net assets of $391k. It reported 28 employees.