Cedar Valley Friends of the Family Inc

Analysis

Cedar Valley Friends of the Family Inc is a registered charity in United States, based in Waterloo, IA. It received its IRS tax-exemption ruling in March 1994, 32 years ago. 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, Cedar Valley Friends of the Family Inc reported income of $4.8m and spending of $5.1m, spending 106% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $2.5m to $4.8m (+91%), an average of +14% a year. The sharpest change came in the year to June 2022, when income rose by 89%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Cedar Valley Friends of the Family Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within IA. Charities of a similar size with the same main cause include Boys & Girls Club of Greater Westfield ($4.8m), Journey Home Inc ($4.8m) and Listen Love Is Sharing the Exceptional Needs ($4.8m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $178k (3.5% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $2.4m against liabilities of $357k, net assets of $2.1m. It reported 71 employees.