South Central Iowa Community Foundation

Analysis

South Central Iowa Community Foundation is a registered charity in United States, based in Chariton, IA. It received its IRS tax-exemption ruling in August 1994, 32 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, South Central Iowa Community Foundation reported income of $1.2m and spending of $560k, leaving 55% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $3.7m to $1.2m (-66%), an average of -24% a year. The sharpest change came in the year to June 2021, when income rose by 218%. Over the whole period it spent 119% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, South Central Iowa Community Foundation sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 83rd percentile within IA. Charities of a similar size with the same main cause include Samaritan Hospital Foundation ($1.2m), Education Foundation of Jackson Hole ($1.2m) and Nashau Ice Skating Center Corp ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 6.3% of the total. Compensation of current officers, directors and key employees was $92k (17% of expenses). Other salaries and wages came to $210. At year end it held assets of $14.2m against liabilities of $44k, net assets of $14.1m. It reported 1 employees.