Iowa Center for Economic Success

Analysis

Iowa Center for Economic Success is a registered charity in United States, based in Des Moines, IA. It received its IRS tax-exemption ruling in December 2009, 17 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Iowa Center for Economic Success reported income of $1.2m and spending of $1.3m, spending 116% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $986k to $1.2m (+17%), an average of +4.0% a year. The sharpest change came in the year to June 2020, when income rose by 51%. Over the whole period it spent 93% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Iowa Center for Economic Success sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 83rd percentile within IA. Charities of a similar size with the same main cause include Transitional Employment Consultants ($1.2m), Escuela Del Rio ($1.2m) and Central Houston Civic Improvement Inc ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 88% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $238k (18% of expenses). Other salaries and wages came to $561k. At year end it held assets of $1.3m against liabilities of $610k, net assets of $714k. It reported 13 employees.