Spirit Lake Community School Foundation

Analysis

Spirit Lake Community School Foundation is a registered charity in United States, based in Spirit Lake, IA. It received its IRS tax-exemption ruling in December 1986, 40 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Spirit Lake Community School Foundation reported income of $161k and spending of $107k, leaving 34% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $146k to $161k (+10%), an average of +2.5% a year. The sharpest change came in the year to June 2024, when income rose by 88%. Over the whole period it spent 81% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Spirit Lake Community School Foundation sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 49th percentile within IA. Charities of a similar size with the same main cause include NSCC Parent Advisory Council of Parent Cooperative Preschools ($161k), Little League Baseball Inc ($161k) and Mayflower Homes Foundation ($161k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 48% of the total. At year end it held assets of $1.5m against liabilities of $0, net assets of $1.5m.