White Earth Investment Initiative

Analysis

White Earth Investment Initiative is a registered charity in United States, based in Detroit Lakes, MN. It received its IRS tax-exemption ruling in January 2003, 23 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, White Earth Investment Initiative reported income of $893k and spending of $793k, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $659k to $893k (+35%), an average of +7.9% a year. The sharpest change came in the year to December 2022, when income rose by 156%. Over the whole period it spent 46% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, White Earth Investment Initiative sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 77th percentile within MN. Charities of a similar size with the same main cause include Greater Laredo Development Foundation ($893k), Corry Community Foundation ($894k) and We Want Green Too ($892k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 54% and program service revenue 45% of the total. Compensation of current officers, directors and key employees was $12k (1.5% of expenses). Other salaries and wages came to $229k. At year end it held assets of $12.3m against liabilities of $4.2m, net assets of $8.1m. It reported 6 employees.