Northwest Iowa Community College Foundation

Analysis

Northwest Iowa Community College Foundation is a registered charity in United States, based in Sheldon, IA. It received its IRS tax-exemption ruling in November 1988, 38 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Northwest Iowa Community College Foundation reported income of $1.3m and spending of $756k, leaving 43% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $797k to $1.3m (+67%), an average of +14% a year. The sharpest change came in the year to June 2020, when income rose by 42%. Over the whole period it spent 61% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Northwest Iowa Community College Foundation sits at the 84th percentile: it is larger than about 84% 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 United Ways of Texas Inc ($1.3m), Morris Community Foundation ($1.3m) and Textron Aviation Employees Uplift Fund Inc ($1.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 74% of the total. At year end it held assets of $9.0m against liabilities of $0, net assets of $9.0m.