Ames Foundation

Analysis

Ames Foundation is a registered charity in United States, based in Ames, IA. It received its IRS tax-exemption ruling in November 1975, 51 years ago. 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, Ames Foundation reported income of $357k and spending of $1.2m, spending 329% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $873k to $357k (-59%), an average of -20% a year. The sharpest change came in the year to December 2021, when income rose by 69%. Over the whole period it spent 137% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Ames Foundation sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 67th percentile within IA. Charities of a similar size with the same main cause include Rock Hill School District Foundation ($357k), American Military Family Inc ($357k) and Fairbanks Summer Arts Festival ($357k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $461k against liabilities of $0, net assets of $461k.