Waterloo Community Schools Foundation

Analysis

Waterloo Community Schools Foundation is a registered charity in United States, based in Waterloo, IA. It received its IRS tax-exemption ruling in August 2019, 7 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2024, Waterloo Community Schools Foundation reported income of $574k and spending of $355k, leaving 38% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income grew from $347k to $574k (+66%), an average of +11% a year. The sharpest change came in the year to June 2020, when income rose by 124%. Over the whole period it spent 70% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Waterloo Community Schools Foundation sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 74th percentile within IA. Charities of a similar size with the same main cause include Charlotte Mason Institute Inc ($574k), Snowmass Village Public Education Fund ($574k) and Teamsters Local 728 Scholarship Fund Inc ($574k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $78k (22% of expenses). Other salaries and wages came to $48k. At year end it held assets of $1.5m against liabilities of $146k, net assets of $1.4m. It reported 2 employees.