Greater Poweshiek Community Foundation

Analysis

Greater Poweshiek Community Foundation is a registered charity in United States, based in Grinnell, IA. It received its IRS tax-exemption ruling in March 1989, 37 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, Greater Poweshiek Community Foundation reported income of $2.6m and spending of $2.2m, spending 85% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.8m to $2.6m (+44%), an average of +9.5% a year. The sharpest change came in the year to June 2022, when income rose by 39%. Over the whole period it spent 74% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Greater Poweshiek Community Foundation sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within IA. Charities of a similar size with the same main cause include The Loudoun Education Foundation ($2.6m), James a & Leta M Chapman Testamentary Charitable TR ($2.6m) and Friends of Hopewell House ($2.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 89% of the total. Compensation of current officers, directors and key employees was $159k (7.3% of expenses). At year end it held assets of $12.8m against liabilities of $1.6m, net assets of $11.2m. It reported 3 employees.