Dallas Center Grimes Education Foundation

Analysis

Dallas Center Grimes Education Foundation is a registered charity in United States, based in Grimes, IA. It received its IRS tax-exemption ruling in March 2015, 11 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 June 2023, Dallas Center Grimes Education Foundation reported income of $227k and spending of $282k, spending 124% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $183k to $227k (+24%), an average of +7.5% a year. The sharpest change came in the year to June 2022, when income rose by 43%. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Dallas Center Grimes Education Foundation sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 58th percentile within IA. Charities of a similar size with the same main cause include Albert Wisner Public Library Foundation Inc ($227k), Sherman Apartments Association ($227k) and Quad Cities Latino Foundation ($227k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 59% of the total. At year end it held assets of $1.6m against liabilities of $192k, net assets of $1.4m.