Grimes Community Foundation

Analysis

Grimes Community Foundation is a registered charity in United States, based in Dallas Center, IA. It received its IRS tax-exemption ruling in March 2019, 7 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 2022, Grimes Community Foundation reported income of $57k and spending of $53k, spending 92% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $14k to $57k (+297%), an average of +58% a year. The sharpest change came in the year to December 2022, when income rose by 1416%. Over the whole period it spent 37% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Grimes Community Foundation sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 20th percentile within IA. Charities of a similar size with the same main cause include Martinsburg Community Fund ($57k), Tonopah Development Corporation ($57k) and Columbus Lions Club Foundation ($57k).

On its Form 990-EZ for the period ending December 2022, revenue came from contributions and grants 6.1% of the total. At year end it held assets of $117k against liabilities of $0, net assets of $117k.