Iowa Prescription Drug Corporation

Analysis

Iowa Prescription Drug Corporation is a registered charity in United States, based in Grimes, IA. It received its IRS tax-exemption ruling in April 2003, 23 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 Prescription Drug Corporation reported income of $32.4m and spending of $25.1m, leaving 22% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $8.3m to $32.4m (+291%), an average of +41% a year. The sharpest change came in the year to June 2022, when income rose by 135%. Over the whole period it spent 78% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Iowa Prescription Drug Corporation sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within IA. Charities of a similar size with the same main cause include Cornelia Nixon Davis Inc ($32.3m), Anchorage Community Mental Health Services Inc ($32.4m) and Crisis Text Line Inc ($32.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $159k (0.6% of expenses). Other salaries and wages came to $398k. At year end it held assets of $18.8m against liabilities of $632k, net assets of $18.2m. It reported 11 employees.