CSB Charitable Foundation

Analysis

CSB Charitable Foundation is a registered charity in United States, based in Norwalk, IA. It received its IRS tax-exemption ruling in July 2018, 8 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, CSB Charitable Foundation reported income of $916k and spending of $153k, leaving 83% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $195k to $916k (+370%), an average of +47% a year. The sharpest change came in the year to December 2021, when income rose by 234%. Over the whole period it spent 14% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, CSB Charitable Foundation sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 81st percentile within IA. Charities of a similar size with the same main cause include Doterra Hope Foundation Inc ($915k), Jewish Community Foundation of New Mexico ($916k) and Dan Gibbons Turkey Trot Foundation ($915k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 61% of the total. At year end it held assets of $3.5m against liabilities of $0, net assets of $3.5m.