Monroe County Iowa Community Foundation

Analysis

Monroe County Iowa Community Foundation is a registered charity in United States, based in Albia, IA. It received its IRS tax-exemption ruling in October 1996, 30 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Monroe County Iowa Community Foundation reported income of $439k and spending of $225k, leaving 49% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $416k to $439k (+5.6%), an average of +1.4% a year. The sharpest change came in the year to December 2020, when income rose by 55%. Over the whole period it spent 62% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Monroe County Iowa Community Foundation sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 71st percentile within IA. Charities of a similar size with the same main cause include Push BC Corporation ($439k), Wiese Foundation ($439k) and Sus Manos Gleaners ($439k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% of the total. At year end it held assets of $3.3m against liabilities of $0, net assets of $3.3m.