Community Vitality Center Logo

Iowa Transfer of Wealth

Clarke County, Iowa

Recorded Wealth Transfer

Table A. Annual average recorded wealth transfer, Iowa, 1998-2002

  Clarke County, Iowa
County County
rank
State
Annual average number of recorded probated estates, 1998-2002
(adjusted for missing probate data)
51 98 17,976
Annual average recorded wealth transfer (millions nominal $), 1998-2002 $9.4 99 $4,933
Annual average transfer/recorded probated estate (nominal $), 1998-2002 $186,033 93 $274,425

Source: Community Vitality Center and Iowa Court Information Systems


Projected Wealth Transfer

Table B. Projected wealth transfer by decade (millions nominal $ inflated at 2% annually),
Iowa, 2000-2049

  Clarke County, Iowa
County State
millions nominal $
inflated at 2% per year
percent of
50 year transfer
millions nominal $
inflated at 2% per year
percent of
50 year transfer
Projected wealth transfer, 50 years, 2000-2049 $886.4 100.0% $531,712.1 100.0%
Projected wealth transfer, 1st 10 years, 2000-2009 $107.8 12.2% $57,462.0 10.8%
Projected wealth transfer, 2nd 10 years, 2010-2019 $131.2 14.8% $74,427.5 14.0%
Projected wealth transfer, 3rd 10 years, 2020-2029 $165.4 18.7% $98,257.5 18.5%
Projected wealth transfer, 4th 10 years, 2030-2039 $217.3 24.5% $133,602.1 25.1%
Projected wealth transfer, 5th 10 years, 2040-2049 $264.6 29.9% $167,963.0 31.6%

Source: Community Vitality Center


Charitable Giving

Table C. Average income and charitable contributions, federal income tax returns,
Iowa, 1997*

All income levels Clarke County, Iowa
County County
rank
State US
Total number federal tax returns filed 3,601 87 1,317,635 121,697,497
Number federal income tax returns with itemized contributions 469 86 309,358 32,632,950
Average adjusted gross income, returns with itemized contributions $57,403 80 $76,516 $89,230
Average itemized contribution $1,620 91 $2,579 $2,977
Average contributions as a percent of average adjusted gross income 2.8% 87 3.4% 3.3%
 
Adjusted gross income under $50,000 Clarke County, Iowa
County County
rank
State US
Total number federal tax returns filed 3,085 85 1,033,095 92,776,089
Number federal income tax returns with itemized contributions 226 87 118,061 12,085,101
Average adjusted gross income, returns with itemized contributions $29,181 73 $32,220 $32,553
Average itemized contribution $1,111 92 $1,416 $1,514
Average contributions as a percent of average adjusted gross income 3.8% 85 4.4% 4.7%
 
Adjusted gross income over $50,000 Clarke County, Iowa
County County
rank
State US
Total number federal tax returns filed 516 88 284,540 28,921,408
Number federal income tax returns with itemized contributions 243 87 191,297 20,547,849
Average adjusted gross income, returns with itemized contributions $83,650 93 $103,854 $122,564
Average itemized contribution $2,095 91 $3,296 $3,837
Average contributions as a percent of average adjusted gross income 2.5% 84 3.2% 3.2%

*most recent year for which county information is available

Source: Community Vitality Center, Urban Institute National Center for Charitable Statistics and U.S. Internal Revenue Service


Income

Table D. Total per capita income and per capita income from dividends, interest
and rent, Iowa, 1990-2000

  Clarke County, Iowa
County County
rank
State US
Per capita income (nominal $), 2000 $22,715 68 $26,540 $29,760
Per capita income (nominal $), 1990 $14,051 91 $17,372 $19,572
Dollar change in per capita income, 1990-2000 $8,664 39 $9,168 $10,188
Percent change in per capita income, 1990-2000 61.7% 7 52.8% 58.6%
 
Per capita income from dividends, interest, rent (nominal $), 2000 $3,822 95 $5,483 $5,663
Percent of per capita income income from dividends, interest and rent, 2000 16.7% 96 20.6% 19.0%

Source: Community Vitality Center and Bureau of Economic Analysis, U.S. Department of Commerce


Total Population

Table E. Population, Iowa, 1990-2000

  Clarke County, Iowa
County County
rank
State US
Population, 2000 9,133 84 2,926,324 281,421,906
Population, 1990 8,287 89 2,776,831 248,709,873
Population change, 1990-2000 846 27 149,493 32,712,033
Percent population change , 1990-2000 10.2% 8 5.4% 13.2%

Source: Community Vitality Center and U.S. Census Bureau, U.S. Department of Commerce


Deaths

Table F. Deaths and death rates, Iowa, 1990-2002

  Clarke County, Iowa
County County
rank
State US
Average annual deaths, 2000-2002 99 92 27,836 2,422,430
Average annual deaths, 1995-1999 99 95 28,018 2,333,800
Average annual deaths, 1990-1994 101 93 27,261 2,208,400
 
Average annual death rate/1000 population, 2000-2002 10.9 57 9.5 8.6
Average annual death rate/1000 population, 1995-1999 11.4 54 9.7 8.7
Average annual death rate/1000 population, 1990-1994 12.0 41 9.7 8.7

Source: Community Vitality Center and Iowa Department of Public Health


Age

Table G. Median age and age 65 or older,
Iowa, 2000
  Clarke County, Iowa
County County
rank
State US
Median age (years) 38.6 63 36.6 35.3
Number 65 or older 1,560 91 436,213 34,991,753
Percent 65 or older 17.1% 63 14.9% 12.4%

Source: Community Vitality Center and U.S. Census Bureau, U.S. Department of Commerce

 

Percent of population by age group, Iowa, 2000

Clarke County age graph

Source: Community Vitality Center and U.S. Census Bureau, U.S. Department of Commerce


COMMUNITY VITALITY CENTER
A Catalyst For Creating Real Impact In Real Communities

477 Heady Hall, Ames, IA, 50011-1070, Phone: 515-294-3000, Fax: 515-294-3838, e-mail:

Copyright © 2003-2005 Community Vitality Center
This site is best viewed at 800x600 and better resolutions using Microsoft Internet Exporer 5.0+, Netscape 6.0+, Mozilla 0.97+, Opera 5+, and Konqueror 3+. If you are having problems viewing this site, please check your browser version and update if necessary. You will need Adobe Reader to view .pdf files. This page is valid XHTML 1.0 Transitional and is CSS2 compliant