Le Mars Area Betterment Foundation

Analysis

Le Mars Area Betterment Foundation is a registered charity in United States, based in Le Mars, IA. It received its IRS tax-exemption ruling in March 2015, 11 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Le Mars Area Betterment Foundation reported income of $56k and spending of $1.2m, spending 2131% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $4,923 to $56k (+1038%), an average of +84% a year. The sharpest change came in the year to December 2023, when income rose by 600%. Over the whole period it spent 3932% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Le Mars Area Betterment Foundation sits at the 23rd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 19th percentile within IA. Charities of a similar size with the same main cause include Bentons Renaissance on Main Council Inc ($56k), Black Connect Inc ($56k) and Compassion Katy Org Incorporated ($56k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% of the total. At year end it held assets of $586k against liabilities of $0, net assets of $586k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.