Iowa Ready Mixed Concrete Association Scholarship Fund

Analysis

Iowa Ready Mixed Concrete Association Scholarship Fund is a registered charity in United States, based in Ankeny, IA. It received its IRS tax-exemption ruling in October 2021, 5 years ago. Its declared purposes cover education, which this site groups under education and training. 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 Ready Mixed Concrete Association Scholarship Fund reported income of $79k and spending of $107k, spending 136% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $119k to $79k (-34%), an average of -34% a year. The sharpest change came in the year to December 2023, when income dropped by 34%. Over the whole period it spent 57% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Iowa Ready Mixed Concrete Association Scholarship Fund sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 29th percentile within IA. Charities of a similar size with the same main cause include Park Spanish Immersion Parent Teacher Organization ($79k), Portland Quarterback Booster Club ($79k) and Weaver Lake Elementary PTO ($79k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 1.9% and program service revenue 98% of the total. At year end it held assets of $104k against liabilities of $19k, net assets of $86k.