Greater Cedar Rapids Community Foundation

Analysis

Greater Cedar Rapids Community Foundation is a registered charity in United States, based in Cedar Rapids, IA. It received its IRS tax-exemption ruling in October 1952, 74 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, Greater Cedar Rapids Community Foundation reported income of $15.3m and spending of $13.1m, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $18.0m to $15.3m (-15%), an average of -4.0% a year. The sharpest change came in the year to December 2021, when income rose by 136%. Over the whole period it spent 77% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Greater Cedar Rapids Community Foundation sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within IA. Charities of a similar size with the same main cause include Aston Park Health Care Center Inc ($15.3m), Nicklaus Childrens Health Care Foundation Inc ($15.4m) and Century Club of San Diego ($15.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% of the total. Compensation of current officers, directors and key employees was $479k (3.7% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $212.3m against liabilities of $39.9m, net assets of $172.4m. It reported 23 employees.