Silos and Smokestacks National Heritage Area Inc

Analysis

Silos and Smokestacks National Heritage Area Inc is a registered charity in United States, based in Waterloo, IA. It received its IRS tax-exemption ruling in February 1993, 33 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 December 2023, Silos and Smokestacks National Heritage Area Inc reported income of $821k and spending of $843k, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $848k to $821k (-3.2%), an average of -0.8% a year. Over the whole period it spent 99% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Silos and Smokestacks National Heritage Area Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 80th percentile within IA. Charities of a similar size with the same main cause include Western Surfing Association ($821k), Port Washington Soccer Club Inc ($821k) and USA Swimming Inc ($820k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 0.9% of the total. Compensation of current officers, directors and key employees was $125k (15% of expenses). Other salaries and wages came to $356k. At year end it held assets of $809k against liabilities of $433k, net assets of $376k. It reported 6 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.