Iowa Select VBC

Analysis

Iowa Select VBC is a registered charity in United States, based in Davenport, IA. It received its IRS tax-exemption ruling in October 2017, 9 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 September 2023, Iowa Select VBC reported income of $848k and spending of $873k, spending 103% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $434k to $848k (+95%), an average of +18% a year. The sharpest change came in the year to September 2022, when income rose by 29%. Over the whole period it spent 101% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Iowa Select VBC sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 80th percentile within IA. Charities of a similar size with the same main cause include Haverford Hawks Ice Hockey Club Inc ($847k), Inter Rage Academy of Soccer ($848k) and Good Earth Village ($846k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 56% and program service revenue 28% of the total. Compensation of current officers, directors and key employees was $70k (8.0% of expenses). Other salaries and wages came to $73k. At year end it held assets of $157k against liabilities of $144k, net assets of $13k. It reported 1 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.