Mitchell County Memorial Foundation Inc

Analysis

Mitchell County Memorial Foundation Inc is a registered charity in United States, based in Osage, IA. It received its IRS tax-exemption ruling in February 1992, 34 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, Mitchell County Memorial Foundation Inc reported income of $87k and spending of $134k, spending 153% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $331k to $87k (-74%), an average of -28% a year. The sharpest change came in the year to June 2021, when income dropped by 59%. Over the whole period it spent 50% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Mitchell County Memorial Foundation Inc sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 31st percentile within IA. Charities of a similar size with the same main cause include Sophia Transformation Leadership Partners Inc ($87k), Arts Resource Foundation ($87k) and Four Peaks Rotary Foundation ($87k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 69% of the total. At year end it held assets of $1.1m against liabilities of $0, net assets of $1.1m.