Common Good Iowa

Analysis

Common Good Iowa is a registered charity in United States, based in Des Moines, IA. It received its IRS tax-exemption ruling in September 2021, 5 years ago. 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, Common Good Iowa reported income of $813k and spending of $802k, spending 99% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $607k to $813k (+34%), an average of +10% a year. The sharpest change came in the year to December 2021, when income rose by 65%. Over the whole period it spent 108% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Common Good Iowa sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 79th percentile within IA. Charities of a similar size with the same main cause include Benevolent & Protective Order of Elks of the USA ($813k), Pierce School Extended Day Inc ($814k) and Ballet Etudes ($813k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $173k (22% of expenses). Other salaries and wages came to $314k. At year end it held assets of $218k against liabilities of $92k, net assets of $126k. It reported 11 employees.