Community Foundation of Greater Muscatine

Analysis

Community Foundation of Greater Muscatine is a registered charity in United States, based in Muscatine, IA. It received its IRS tax-exemption ruling in May 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, Community Foundation of Greater Muscatine reported income of $13.2m and spending of $4.8m, leaving 63% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $30.8m to $13.2m (-57%), an average of -19% a year. The sharpest change came in the year to December 2023, when income rose by 165%. Over the whole period it spent 38% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Community Foundation of Greater Muscatine sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within IA. Charities of a similar size with the same main cause include Kennedy Krieger Foundation Inc ($13.2m), Council on Foundations Inc ($13.2m) and Community Foundation of the Eastern Shore Inc ($13.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% of the total. Compensation of current officers, directors and key employees was $118k (2.4% of expenses). Other salaries and wages came to $558k. At year end it held assets of $76.8m against liabilities of $5.3m, net assets of $71.5m. It reported 16 employees.