Mahaska Community Recreation Foundation Inc

Analysis

Mahaska Community Recreation Foundation Inc is a registered charity in United States, based in Oskaloosa, IA. It received its IRS tax-exemption ruling in February 2000, 26 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 December 2023, Mahaska Community Recreation Foundation Inc reported income of $1.8m and spending of $1.2m, leaving 34% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.4m to $1.8m (+32%), an average of +7.2% a year. The sharpest change came in the year to December 2022, when income rose by 55%. Over the whole period it spent 71% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Mahaska Community Recreation Foundation Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 87th percentile within IA. Charities of a similar size with the same main cause include Highlands Festivals Inc ($1.8m), Chesterfield Public Education Foundation Inc ($1.8m) and Milwaukee Public Schools Foundation Incorporated ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 0.8% of the total. Compensation of current officers, directors and key employees was $57k (4.8% of expenses). Other salaries and wages came to $10k. At year end it held assets of $4.8m against liabilities of $631, net assets of $4.8m. It reported 2 employees.