Iowa Sports Foundation

Analysis

Iowa Sports Foundation is a registered charity in United States, based in Ames, IA. It received its IRS tax-exemption ruling in February 1988, 38 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 September 2023, Iowa Sports Foundation reported income of $1.6m and spending of $1.6m, spending 99% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.6m to $1.6m (+0.8%), an average of +0.2% a year. The sharpest change came in the year to September 2021, when income rose by 29%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Iowa Sports Foundation sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 86th percentile within IA. Charities of a similar size with the same main cause include Powder Keg Punishers Lemc ($1.6m), Coming Home Network International ($1.6m) and Parks System TR Fund ($1.6m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 46% and program service revenue 40% of the total. Compensation of current officers, directors and key employees was $178k (11% of expenses). At year end it held assets of $1.3m against liabilities of $73k, net assets of $1.2m. It reported 14 employees.