Iowa Credit Union Foundation Inc

Analysis

Iowa Credit Union Foundation Inc is a registered charity in United States, based in WDM, IA. It received its IRS tax-exemption ruling in February 1996, 30 years ago. Its declared purposes cover unknown, which this site groups under other charitable 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 December 2023, Iowa Credit Union Foundation Inc reported income of $495k and spending of $472k, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $496k to $495k (-0.2%), an average of +-0.0% a year. The sharpest change came in the year to December 2020, when income rose by 408%. Over the whole period it spent 57% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Iowa Credit Union Foundation Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 72nd percentile within IA. Charities of a similar size with the same main cause include Gettysburg Rural Fire Dept 90 ($495k), Washington Opera House Inc ($495k) and De L Epee Deaf Center ($495k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 76% and program service revenue 3.0% of the total. Compensation of current officers, directors and key employees was $95k (20% of expenses). Other salaries and wages came to $34k. At year end it held assets of $2.2m against liabilities of $24k, net assets of $2.2m. It reported 2 employees.