Community Foundation of Northeast Iowa

Analysis

Community Foundation of Northeast Iowa is a registered charity in United States, based in Cedar Falls, IA. It received its IRS tax-exemption ruling in October 1963, 63 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, Community Foundation of Northeast Iowa reported income of $16.6m and spending of $11.1m, leaving 33% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $10.1m to $16.6m (+65%), an average of +13% a year. The sharpest change came in the year to December 2021, when income rose by 63%. Over the whole period it spent 57% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Community Foundation of Northeast Iowa 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 97th percentile, and in the 97th percentile within IA. Charities of a similar size with the same main cause include American Legion Charities Inc ($16.6m), The Berkshire Taconic Community Foundation Inc ($16.6m) and Hamilton County Community Foundation Inc ($16.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 42% of the total. Compensation of current officers, directors and key employees was $477k (4.3% of expenses). Other salaries and wages came to $726k. At year end it held assets of $163.4m against liabilities of $7.3m, net assets of $156.1m. It reported 20 employees.