Community FDN of Greater Des Moines

Analysis

Community FDN of Greater Des Moines is a registered charity in United States, based in Des Moines, IA. It received its IRS tax-exemption ruling in September 1995, 31 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 FDN of Greater Des Moines reported income of $109.1m and spending of $72.5m, leaving 34% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $97.8m to $109.1m (+12%), an average of +2.8% a year. The sharpest change came in the year to December 2021, when income rose by 34%. Over the whole period it spent 59% 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 FDN of Greater Des Moines sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 100th percentile within IA. Charities of a similar size with the same main cause include Denver Foundation ($108.7m), Valley of the Sun United Way ($110.6m) and Maine Community Foundation Inc ($108.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 73% and program service revenue 0.5% of the total. Compensation of current officers, directors and key employees was $650k (0.9% of expenses). Other salaries and wages came to $2.3m. At year end it held assets of $811.9m against liabilities of $24.3m, net assets of $787.6m. It reported 40 employees.