Waterloo Community Foundation

Analysis

Waterloo Community Foundation is a registered charity in United States, based in Waterloo, IA. It received its IRS tax-exemption ruling in June 2015, 11 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Waterloo Community Foundation reported income of $1.2m and spending of $749k, leaving 37% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $518k to $1.2m (+131%), an average of +23% a year. The sharpest change came in the year to December 2020, when income rose by 220%. Over the whole period it spent 42% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Waterloo Community Foundation 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 81st percentile, and in the 83rd percentile within IA. Charities of a similar size with the same main cause include Washington County Hospital Foundation ($1.2m), Going to the Sun ($1.2m) and United Way of Forsyth County Inc ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% and program service revenue 5.0% of the total. Other salaries and wages came to $147k. At year end it held assets of $4.1m against liabilities of $522k, net assets of $3.6m. It reported 2 employees.