Greater Cedar Rapids Open Inc

Analysis

Greater Cedar Rapids Open Inc is a registered charity in United States, based in Cedar Rapids, IA. It received its IRS tax-exemption ruling in April 2002, 24 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, Greater Cedar Rapids Open Inc reported income of $196k and spending of $194k, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $243k to $196k (-19%), an average of -5.2% a year. The sharpest change came in the year to December 2021, when income rose by 1793%. Over the whole period it spent 101% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Greater Cedar Rapids Open Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 54th percentile within IA. Charities of a similar size with the same main cause include Harriet M Sherman TR Uw ($196k), No Frills Fun Run ($196k) and United Way of Northeast Michigan ($196k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 53% and program service revenue 47% of the total. At year end it held assets of $41k against liabilities of $23k, net assets of $18k.