Iota Development Foundation

Analysis

Iota Development Foundation is a registered charity in United States, based in Florissant, MO. It received its IRS tax-exemption ruling in October 2002, 24 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Iota Development Foundation reported income of $148k and spending of $510k, spending 345% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $405k to $148k (-64%), an average of -40% a year. The sharpest change came in the year to December 2023, when income dropped by 60%. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Iota Development Foundation sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 44th percentile within MO. Charities of a similar size with the same main cause include Moline Booster Club ($148k), Fullerton School District Educational Foundation ($148k) and Challenger Learning Center Oforleans Niagara and Erie Counties I ($148k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. It paid $20k in professional fundraising fees. At year end it held assets of $110k against liabilities of $0, net assets of $110k.