Agribusiness Association of Iowa Foundation

Analysis

Agribusiness Association of Iowa Foundation is a registered charity in United States, based in Des Moines, IA. It received its IRS tax-exemption ruling in November 2001, 25 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 September 2023, Agribusiness Association of Iowa Foundation reported income of $92k and spending of $222k, spending 242% of what it took in. Across the 5 years on record, from August 2019 to September 2023, income fell from $821k to $92k (-89%), an average of -42% a year. The sharpest change came in the year to September 2021, when income dropped by 85%. Over the whole period it spent 36% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Agribusiness Association of Iowa Foundation 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 Farms Country Club Foundation Inc ($92k), McCormick Smith Fund Inc ($92k) and Lincolnway Special Recreation Foundation ($92k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 55% of the total. At year end it held assets of $4.0m against liabilities of $1.7m, net assets of $2.3m.