Iowa Able Foundation

Analysis

Iowa Able Foundation is a registered charity in United States, based in Ames, IA. It received its IRS tax-exemption ruling in June 1995, 31 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 September 2023, Iowa Able Foundation reported income of $221k and spending of $292k, spending 132% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $281k to $221k (-21%), an average of -5.8% a year. The sharpest change came in the year to September 2021, when income rose by 78%. Over the whole period it spent 84% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Iowa Able Foundation sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 57th percentile within IA. Charities of a similar size with the same main cause include Northern Tier Childrens Home Residential Services Inc ($221k), Villagesokc Inc ($221k) and First Baptist Church Denbigh Child Development Center ($221k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 96% and program service revenue 3.3% of the total. Compensation of current officers, directors and key employees was $83k (28% of expenses). Other salaries and wages came to $85k. It paid $1,486 in professional fundraising fees. At year end it held assets of $723k against liabilities of $158k, net assets of $565k. It reported 6 employees.