Greater Washington Foundation of Insurance and Financial Advisors I

Analysis

Greater Washington Foundation of Insurance and Financial Advisors I is a registered charity in United States, based in Cedar Falls, IA. It received its IRS tax-exemption ruling in January 1996, 30 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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, Greater Washington Foundation of Insurance and Financial Advisors I reported income of $54k and spending of $26k, leaving 51% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $61k to $54k (-11%), an average of -11% a year. Over the whole period it spent 53% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Greater Washington Foundation of Insurance and Financial Advisors I sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 18th percentile within IA. Charities of a similar size with the same main cause include Foundation of Economic Development Company of Lancaster C ($54k), National Steering Comm of the Assoc for the Imprvmt of Minorits in Irs ($54k) and East Aurora Kiwanis Foundation Inc ($54k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 50% of the total. At year end it held assets of $420k against liabilities of $374, net assets of $420k.