Iowa State Fair Foundation

Analysis

Iowa State Fair Foundation is a registered charity in United States, based in Des Moines, IA. It received its IRS tax-exemption ruling in June 1992, 34 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 October 2023, Iowa State Fair Foundation reported income of $5.3m and spending of $6.5m, spending 122% of what it took in. Across the 5 years on record, from October 2019 to October 2023, income fell from $10.8m to $5.3m (-51%), an average of -16% a year. The sharpest change came in the year to October 2022, when income rose by 266%. Over the whole period it spent 96% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Iowa State Fair Foundation sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within IA. Charities of a similar size with the same main cause include Sports Camp Inc ($5.3m), The Central Florida Sports Commission Inc ($5.3m) and Ambassadors Football ($5.3m).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 72% of the total. Compensation of current officers, directors and key employees was $386k (6.0% of expenses). Other salaries and wages came to $247k. At year end it held assets of $22.7m against liabilities of $7.1m, net assets of $15.5m. It reported 4 employees.