Grow Iowa Foundation Inc

Analysis

Grow Iowa Foundation Inc is a registered charity in United States, based in Lenox, IA. It received its IRS tax-exemption ruling in June 1997, 29 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Grow Iowa Foundation Inc reported income of $146k and spending of $73k, leaving 50% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $139k to $146k (+4.9%), an average of +1.2% a year. The sharpest change came in the year to December 2023, when income rose by 91%. Over the whole period it spent 65% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Grow Iowa Foundation Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 46th percentile within IA. Charities of a similar size with the same main cause include Center for Economic & Enviromental Partnership Inc ($146k), Dress for Success Dallas ($146k) and Shebuilds Foundation Inc ($146k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 54% of the total. Other salaries and wages came to $41k. At year end it held assets of $4.3m against liabilities of $1.1m, net assets of $3.1m. It reported 1 employees.