Belmond-Klemme Scholarship Fdn-Ii

Analysis

Belmond-Klemme Scholarship Fdn-Ii is a registered charity in United States, based in Belmond, IA. It received its IRS tax-exemption ruling in November 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, Belmond-Klemme Scholarship Fdn-Ii reported income of $134k and spending of $19k, leaving 86% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income fell from $230k to $134k (-42%), an average of -10% a year. The sharpest change came in the year to December 2021, when income rose by 73%. Over the whole period it spent 13% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Belmond-Klemme Scholarship Fdn-Ii sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 44th percentile within IA. Charities of a similar size with the same main cause include The Converge Foundation ($134k), Day for Change ($134k) and Cresa Cares Inc ($134k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 48% of the total. At year end it held assets of $2.4m against liabilities of $0, net assets of $2.4m.