Iowa Area Development Group L C

Analysis

Iowa Area Development Group L C is a registered charity in United States, based in Des Moines, IA. It received its IRS tax-exemption ruling in December 2003, 23 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, Iowa Area Development Group L C reported income of $294k and spending of $78k, leaving 73% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $217k to $294k (+36%), an average of +7.9% a year. The sharpest change came in the year to December 2021, when income rose by 75%. Over the whole period it spent 24% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Iowa Area Development Group L C sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 63rd percentile within IA. Charities of a similar size with the same main cause include Nurturing Center Inc ($294k), Nobis Foundation Inc ($294k) and Nvyll Inc ($294k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.9% and program service revenue 67% of the total. At year end it held assets of $3.0m against liabilities of $0, net assets of $3.0m.