Iowa Wave Shirt

Analysis

Iowa Wave Shirt is a registered charity in United States, based in Urbandale, IA. It received its IRS tax-exemption ruling in April 2019, 7 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 December 2023, Iowa Wave Shirt reported income of $575k and spending of $383k, leaving 33% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $379k to $575k (+52%), an average of +11% a year. The sharpest change came in the year to December 2021, when income rose by 352%. Over the whole period it spent 102% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Iowa Wave Shirt sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 75th percentile within IA. Charities of a similar size with the same main cause include Tri-Boro First Aid Squad Inc ($575k), The Joey Pizzano Memorial Fund Inc ($575k) and Sih Foundation NFP ($575k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 11% of the total. Compensation of current officers, directors and key employees was $56k (15% of expenses). At year end it held assets of $524k against liabilities of $0, net assets of $524k. It reported 1 employees.