Linn-Mar School Foundation

Analysis

Linn-Mar School Foundation is a registered charity in United States, based in Marion, IA. It received its IRS tax-exemption ruling in November 1986, 40 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 June 2024, Linn-Mar School Foundation reported income of $405k and spending of $380k, spending 94% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $223k to $405k (+81%), an average of +16% a year. The sharpest change came in the year to June 2021, when income rose by 61%. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Linn-Mar School Foundation sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 69th percentile within IA. Charities of a similar size with the same main cause include Catholics United for the Faith ($405k), Noe Valley Association ($405k) and Sunshine Station Child Care Center ($405k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 79% of the total. Compensation of current officers, directors and key employees was $49k (13% of expenses). Other salaries and wages came to $21k. At year end it held assets of $1.5m against liabilities of $6,154, net assets of $1.5m. It reported 3 employees.