Iowa Museum Association

Analysis

Iowa Museum Association is a registered charity in United States, based in Cedar Falls, IA. It received its IRS tax-exemption ruling in December 2003, 23 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 December 2023, Iowa Museum Association reported income of $96k and spending of $100k, spending 105% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $122k to $96k (-21%), an average of -22% a year. The sharpest change came in the year to December 2023, when income dropped by 21%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Iowa Museum Association sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 34th percentile within IA. Charities of a similar size with the same main cause include Austin Great Wall Chinese School Agcs ($96k), National Institute for Science and Civic Engagement ($96k) and Coronado Thunderbird Boosters Association ($96k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 69% and program service revenue 29% of the total. At year end it held assets of $180k against liabilities of $0, net assets of $180k.