Mid Iowa Antique Power Association Inc

Analysis

Mid Iowa Antique Power Association Inc is a registered charity in United States, based in Marshalltown, IA. It received its IRS tax-exemption ruling in August 1988, 38 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2024, Mid Iowa Antique Power Association Inc reported income of $63k and spending of $49k, leaving 23% of income unspent that year. Across the 2 years on record, from August 2023 to August 2024, income grew from $49k to $63k (+29%), an average of +29% a year. The sharpest change came in the year to August 2024, when income rose by 29%. Over the whole period it spent 79% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mid Iowa Antique Power Association Inc sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 22nd percentile within IA. Charities of a similar size with the same main cause include Coachella Valley Alumnae Panhellenic Association ($63k), Vernon County Historical Society ($63k) and Experimental Schools Corporation of Arizona ($63k).

On its Form 990-EZ for the period ending August 2024, revenue came from contributions and grants 16% of the total. At year end it held assets of $91k against liabilities of $178, net assets of $91k.