Iowa Council of Foundations

Analysis

Iowa Council of Foundations is a registered charity in United States, based in WDM, IA. It received its IRS tax-exemption ruling in March 1999, 27 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2023, Iowa Council of Foundations reported income of $580k and spending of $496k, spending 85% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $490k to $580k (+19%), an average of +4.3% a year. The sharpest change came in the year to June 2021, when income rose by 21%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Iowa Council of Foundations sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 75th percentile within IA. Charities of a similar size with the same main cause include Woven Learning and Technology ($580k), Kelso Public Schools Foundation ($580k) and District of Columbia College Access Program ($580k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 91% and program service revenue 7.9% of the total. Compensation of current officers, directors and key employees was $122k (25% of expenses). Other salaries and wages came to $26k. At year end it held assets of $333k against liabilities of $11k, net assets of $323k. It reported 2 employees.