Western Iowa Journalism Foundation

Analysis

Western Iowa Journalism Foundation is a registered charity in United States, based in Breda, IA. It received its IRS tax-exemption ruling in January 2021, 5 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Western Iowa Journalism Foundation reported income of $269k and spending of $360k, spending 134% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $280k to $269k (-4.0%), an average of -2.0% a year. The sharpest change came in the year to December 2022, when income rose by 143%. Over the whole period it spent 58% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Western Iowa Journalism Foundation sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 61st percentile within IA. Charities of a similar size with the same main cause include Mesa Verde Foundation ($269k), Hollister House Garden Inc ($269k) and Gowandas Historic Hollywood Theatre Ltd ($269k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $61k (17% of expenses). At year end it held assets of $516k against liabilities of $0, net assets of $516k.