Gladbrook Community Foundation

Analysis

Gladbrook Community Foundation is a registered charity in United States, based in Traer, IA. It received its IRS tax-exemption ruling in December 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 (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, Gladbrook Community Foundation reported income of $145k and spending of $19k, leaving 87% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $19k to $145k (+669%), an average of +669% a year. The sharpest change came in the year to December 2023, when income rose by 669%. Over the whole period it spent 14% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Gladbrook Community Foundation sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 46th percentile within IA. Charities of a similar size with the same main cause include Alabama Marines Foundation ($145k), Appanoose County Foundation ($145k) and Red & Blue 12th Man Club ($145k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 93% of the total. At year end it held assets of $309k against liabilities of $0, net assets of $309k.