Education Foundation of the Mason City Public Schools

Analysis

Education Foundation of the Mason City Public Schools is a registered charity in United States, based in Mason City, IA. It received its IRS tax-exemption ruling in December 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 (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 2024, Education Foundation of the Mason City Public Schools reported income of $610k and spending of $148k, leaving 76% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income grew from $65k to $610k (+844%), an average of +57% a year. The sharpest change came in the year to June 2024, when income rose by 121%. Over the whole period it spent 42% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Education Foundation of the Mason City Public Schools sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 75th percentile within IA. Charities of a similar size with the same main cause include Friends of the Lone Soldier Inc ($610k), 4th Purpose Foundation ($610k) and Special Recreation Services Inc ($610k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 86% of the total. At year end it held assets of $2.6m against liabilities of $117k, net assets of $2.5m.