Associated Builders & Contractors of Iowa Trust

Analysis

Associated Builders & Contractors of Iowa Trust is a registered charity in United States, based in Grimes, IA. It received its IRS tax-exemption ruling in December 1982, 44 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3).

In the financial year ending June 2024, Associated Builders & Contractors of Iowa Trust reported income of $2.6m and spending of $2.4m, spending 92% of its income. Across the 5 years on record, from June 2020 to June 2024, income fell from $2.8m to $2.6m (-7.6%), an average of -2.0% a year. The sharpest change came in the year to June 2022, when income dropped by 15%. 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, Associated Builders & Contractors of Iowa Trust sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within IA. Charities of a similar size with the same main cause include Great Minds in STEM ($2.6m), Kentucky Humanities Council Inc University of Kentucky ($2.6m) and Asociacion de Salud Primaria de Puerto Rico Inc ($2.6m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 29% and program service revenue 63% of the total. Other salaries and wages came to $393k. At year end it held assets of $7.1m against liabilities of $571k, net assets of $6.5m. It reported 40 employees.