Variety the Childrens Charity of Iowa

Analysis

Variety the Childrens Charity of Iowa is a registered charity in United States, based in Des Moines, IA. It received its IRS tax-exemption ruling in November 1965, 61 years ago. 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, Variety the Childrens Charity of Iowa reported income of $4.3m and spending of $4.1m, spending 94% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $3.7m to $4.3m (+17%), an average of +4.1% a year. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Variety the Childrens Charity of Iowa 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 91st percentile, and in the 92nd percentile within IA. Charities of a similar size with the same main cause include Young Mens Christian Association John E Alexander South Wood County ($4.3m), Interfaith Works ($4.3m) and Epilepsy Alliance Ohio ($4.3m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 101% of the total. Compensation of current officers, directors and key employees was $145k (3.6% of expenses). Other salaries and wages came to $332k. At year end it held assets of $5.3m against liabilities of $548k, net assets of $4.8m. It reported 9 employees.