620 Foundation

Analysis

620 Foundation is a registered charity in United States, based in Cedar Rapids, IA. It received its IRS tax-exemption ruling in May 2017, 9 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable 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, 620 Foundation reported income of $139k and spending of $135k, spending 97% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $139k to $139k (+0.1%), an average of +0.1% a year. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, 620 Foundation sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 45th percentile within IA. Charities of a similar size with the same main cause include New Dimensions Foundation ($139k), Project Heritage of Greater Miami Inc ($139k) and Mizrachi-Hapoel Hamizrachi of Chgo Religious Zionists of Chicago ($139k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 49% of the total. At year end it held assets of $25k against liabilities of $0, net assets of $25k.