Muscatine Charities Inc

Analysis

Muscatine Charities Inc is a registered charity in United States, based in Muscatine, IA. It received its IRS tax-exemption ruling in November 1999, 27 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2020, Muscatine Charities Inc reported income of $93k and spending of $123k, spending 133% of what it took in. Across the 2 years on record, from December 2019 to December 2020, income fell from $185k to $93k (-50%), an average of -50% a year. The sharpest change came in the year to December 2020, when income dropped by 50%. Over the whole period it spent 138% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Muscatine Charities Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 33rd percentile within IA. Charities of a similar size with the same main cause include Wee Warriors Preschool Ministry ($93k), Mothers of Professional Basketball Players Inc ($93k) and National Association of Charitable Gift Planners ($93k).

On its Form 990 for the period ending December 2020, revenue came from contributions and grants 99% of the total. At year end it held assets of $79k against liabilities of $0, net assets of $79k.