Iowa Masonic Library Association

Analysis

Iowa Masonic Library Association is a registered charity in United States, based in Cedar Rapids, IA. It received its IRS tax-exemption ruling in April 1994, 32 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 2023, Iowa Masonic Library Association reported income of $130k and spending of $139k, spending 107% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income grew from $95k to $130k (+36%), an average of +7.9% a year. The sharpest change came in the year to August 2022, when income rose by 1575%. Over the whole period it spent 45% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Iowa Masonic Library Association sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 43rd percentile within IA. Charities of a similar size with the same main cause include PCG Outreach and Education ($130k), South Park Senior Citizens Center ($130k) and Little League Baseball Inc ($129k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 78% of the total. At year end it held assets of $1.4m against liabilities of $10k, net assets of $1.4m.