Iwlc

Analysis

Iwlc is a registered charity in United States, based in Cedar Rapids, IA. It received its IRS tax-exemption ruling in April 2012, 14 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Iwlc reported income of $2.0m and spending of $2.1m, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.6m to $2.0m (-23%), an average of -6.3% a year. The sharpest change came in the year to December 2022, when income rose by 29%. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Iwlc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 88th percentile within IA. Charities of a similar size with the same main cause include Tuscarawas County Young Mens Christian Association ($2.0m), Prepare and Prosper ($2.0m) and Arts Connection of Central Illinois ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 46% and program service revenue 52% of the total. Compensation of current officers, directors and key employees was $142k (6.9% of expenses). Other salaries and wages came to $481k. At year end it held assets of $1.4m against liabilities of $307k, net assets of $1.1m. It reported 11 employees.