Iowa Community Capital

Analysis

Iowa Community Capital is a registered charity in United States, based in Boone, IA. It received its IRS tax-exemption ruling in March 2004, 22 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 Community Capital reported income of $500k and spending of $595k, spending 119% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $651k to $500k (-23%), an average of -8.4% a year. The sharpest change came in the year to June 2022, when income rose by 123%. Over the whole period it spent 47% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Iowa Community Capital sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 73rd percentile within IA. Charities of a similar size with the same main cause include Strongertowns ($500k), Chehalis Tribal Loan Fund ($501k) and Augusta Training Shop for the Handicapped Inc ($500k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 88% of the total. Compensation of current officers, directors and key employees was $24k (4.0% of expenses). Other salaries and wages came to $146k. At year end it held assets of $2.4m against liabilities of $29k, net assets of $2.4m.