Iowa Medical Society Foundation

Analysis

Iowa Medical Society Foundation is a registered charity in United States, based in Des Moines, IA. It received its IRS tax-exemption ruling in February 1954, 72 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 December 2023, Iowa Medical Society Foundation reported income of $55k and spending of $174k, spending 316% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $271k to $55k (-80%), an average of -33% a year. The sharpest change came in the year to December 2021, when income rose by 176%. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Iowa Medical Society Foundation sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 19th percentile within IA. Charities of a similar size with the same main cause include Paulding Baseball Association Inc ($55k), Phelps County Recreation for the Handicapped ($55k) and Little League Baseball Inc ($55k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 62% of the total. At year end it held assets of $1.9m against liabilities of $0, net assets of $1.9m.