Iowa Masonic Library and Museum Building Endownment Fund

Analysis

Iowa Masonic Library and Museum Building Endownment Fund is a registered charity in United States, based in Altoona, IA. It received its IRS tax-exemption ruling in July 1999, 27 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 Masonic Library and Museum Building Endownment Fund reported income of $68k and spending of $21k, leaving 70% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $44k to $68k (+57%), an average of +12% a year. The sharpest change came in the year to June 2022, when income rose by 909%. Over the whole period it spent 20% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Iowa Masonic Library and Museum Building Endownment Fund sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 24th percentile within IA. Charities of a similar size with the same main cause include Crisfield Arts & Entertainment District Inc ($68k), Villa Anita Inc ($68k) and Civicstory Inc ($68k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 8.1% of the total. At year end it held assets of $1.3m against liabilities of $1,266, net assets of $1.3m.