Iowa-Veterinary Medical Association Foundation

Analysis

Iowa-Veterinary Medical Association Foundation is a registered charity in United States, based in Ankeny, IA. It received its IRS tax-exemption ruling in January 1966, 60 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-Veterinary Medical Association Foundation reported income of $116k and spending of $79k, leaving 32% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $54k to $116k (+115%), an average of +115% a year. The sharpest change came in the year to December 2023, when income rose by 115%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Iowa-Veterinary Medical Association Foundation sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 40th percentile within IA. Charities of a similar size with the same main cause include Tennessee Builders Education Foundation ($116k), Encounters in Excellence Inc ($116k) and Aurora Players Inc Hamlin Park ($116k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 42% of the total. At year end it held assets of $415k against liabilities of $0, net assets of $415k.