Teen Challenge of the Midlands was the highest-revenue non-profit in Colfax, Iowa in 2024, with $4,113,537 in total revenue. Colfax had 5 non-profits with available 2024 Form 990-series total revenue data; the 5 with the highest reported revenues are shown below. Among those organizations, average reported total revenue was $1,025,714. Those organizations reported $5,128,570 in combined total revenue.
The ranking reflects non-profits with available Form 990-series total revenue data that met the ranking’s data criteria and may not include every non-profit in the city.
The ranking is based on IRS Form 990 filings, the annual information returns most tax-exempt organizations file with the IRS. The form includes reported revenue, expenses, assets, governance information and compensation paid to certain people, making it a public source for comparing large tax-exempt organizations’ finances.
The figures reflect what each organization reported for its filing year, including total revenue, contributions, government grants, compensation, the number of employees and assets at the start and end of the year. Because nonprofits can differ by mission, structure and accounting period, the totals are best read as reported financial measures, not as a direct measure of local charitable activity.
Several ranked non-profits reported government grant revenue in 2024. Colfax Parks And Recreation Auxiliary Board Inc reported $9,843 in government grant revenue, representing 2.4% of its total revenue.
Among the top-ranked organizations, Teen Challenge of the Midlands reported $78,145 in reportable compensation from related organizations and $1,056,619 in other compensation reported on the filing.
Total contributions for Teen Challenge of the Midlands were $3,533,979, with $2,517,862 in non-cash contributions. Colfax Mingo Educational Fdn reported $403,648 in total contributions. Colfax Parks And Recreation Auxiliary Board Inc reported $379,060 in total contributions, including $369,217 in all other contributions. Regarding asset balances, Teen Challenge of the Midlands reported assets rising from $4,032,211 at the beginning of the year to $4,354,999 at year end, an 8% increase. Colfax Mingo Educational Fdn reported assets increasing from $811,340 to $1,205,886, a 48.6% increase. Colfax Parks And Recreation Auxiliary Board Inc reported assets increasing from $42,332 to $351,941, a 731.4% rise. Gerald L Bauer Educational Trust held assets of $1,734,484 at the beginning of the year and $1,734,311 at year end.
Teen Challenge of the Midlands reported $4,113,537 in total revenue in 2024, up from $3,879,180 the prior year, an increase of $234,357 or 6%. Colfax Mingo Educational Fdn had $465,776, up from $109,223, an increase of $356,553 or 326.4%. Colfax Parks And Recreation Auxiliary Board Inc reported $409,198, a rise from $32,579, increasing by $376,619 or 1,156%. Gerald L Bauer Educational Trust reported $117,428, up from $38,037, an increase of $79,391 or 208.7%.
Tax-exempt organizations include a wide range of groups, such as charities, foundations, educational institutions and other mission-driven organizations. Under IRS rules, 501(c)(3) organizations must be organized and operated for exempt purposes, and their earnings cannot benefit private shareholders or individuals.
| Rank | Organization | Total revenue |
|---|---|---|
| 1 | Teen Challenge of the Midlands | $4,113,537 |
| 2 | Colfax Mingo Educational Fdn | $465,776 |
| 3 | Colfax Parks And Recreation Auxiliary Board Inc | $409,198 |
| 4 | Gerald L Bauer Educational Trust | $117,428 |
| 5 | Beverly Bauer Howard Street Christian Church Trust | $22,631 |