Based in URBANDALE, IA, HEART OF IOWA SCHOOL TUITION ORGANIZATION INC operates as a Public Charity. The organization reported $1.7M in revenue, $1.6M in expenses, $2.3M in total assets for fiscal year 2024. Imperigo tracks 10 reported grant relationships connected to this organization totaling approximately $178K.
ELEMENTARY & SECONDARY EDUCATION: THE ORGANIZATION DISTRIBUTES FROM FUNDS RAISED IN THE FORM OF SCHOLARSHIPS TO LOW INCOME FAMILIES. LOW INCOME IS DEFINED AS FAMILIES WITH INCOME LESS THAN FOUR TIMES THE POVERTY LEVEL FOR THEIR HOUSEHOLD. THE STATE REQUIRES THAT 90% OF THE FUNDS BE DISTRIBUTED TO THESE FAMILIES, WHICH IS ALWAYS COMPLIED WITH, BUT USUALLY AT LEAST 99% OF THE DONATIONS HAVE BEEN DISTRIBUTED TO STUDENTS ATTENDING STATE ACCREDITED NON-PUBLIC SCHOOLS.
How Heart of Iowa School Tuition Organization Inc divides every $100 it spends, from its own Form 990 filings, averaged across 7 years.
No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.
Source: Form 990 filings with the IRS, latest fiscal year 2024. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.
Showing up to 5 of 10 total records — full history available with membership.
Officer compensation and complete director data available with membership.
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2024 | $1.7M | $1.6M | $2.3M |
| 2023 | $2.0M | $2.6M | $2.1M |
| 2022 | $2.8M | $2.2M | $2.7M |
| 2020 | $2.0M | $1.4M | $1.9M |
| 2019 | $1.4M | $1.2M | $1.3M |
Between 2019 and 2024, reported annual revenue grew from $1.4M to $1.7M (+21%), with total assets most recently reported at $2.3M.
Interactive year-over-year charts and full filing details available with membership.
