Iowa Motor Carriers Foundation

Analysis

Iowa Motor Carriers Foundation is a registered charity in United States, based in Des Moines, IA. It received its IRS tax-exemption ruling in December 1987, 39 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 2024, Iowa Motor Carriers Foundation reported income of $1.3m and spending of $189k, leaving 86% of income unspent that year. Across the 5 years on record, from September 2020 to September 2024, income grew from $488k to $1.3m (+175%), an average of +29% a year. The sharpest change came in the year to September 2024, when income rose by 461%. Over the whole period it spent 27% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Iowa Motor Carriers Foundation sits at the 81st percentile: it is larger than about 81% 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 Big Brothers-Big Sisters of Central Minnesota Inc ($1.3m), Plumbers & Steamfitters Local 375 Joint Apprenticeship & Journeyman ($1.3m) and Rocky Mountain Field Institute Inc ($1.3m).

On its Form 990 for the period ending September 2024, revenue came from contributions and grants 80% of the total. At year end it held assets of $6.9m against liabilities of $268k, net assets of $6.6m.