Project Iowa

Analysis

Project Iowa is a registered charity in United States, based in Des Moines, IA. It received its IRS tax-exemption ruling in October 2011, 15 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Project Iowa reported income of $884k and spending of $870k, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $720k to $884k (+23%), an average of +5.3% a year. The sharpest change came in the year to June 2023, when income rose by 80%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Project Iowa sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 80th percentile within IA. Charities of a similar size with the same main cause include Fifth Circuit Public Guardian Corporation ($884k), Tharros Place Inc ($884k) and Impact Cubed ($884k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 93% of the total. Compensation of current officers, directors and key employees was $112k (13% of expenses). Other salaries and wages came to $321k. At year end it held assets of $2.2m against liabilities of $1.8m, net assets of $434k. It reported 12 employees.