Friends of Historic Downtown West Branch

Analysis

Friends of Historic Downtown West Branch is a registered charity in United States, based in West Branch, IA. It received its IRS tax-exemption ruling in October 2005, 21 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 December 2023, Friends of Historic Downtown West Branch reported income of $215k and spending of $202k, spending 94% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $139k to $215k (+55%), an average of +55% a year. The sharpest change came in the year to December 2023, when income rose by 55%. Over the whole period it spent 92% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Friends of Historic Downtown West Branch sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 56th percentile within IA. Charities of a similar size with the same main cause include Dearborn Rotary Foundation ($215k), Roswell Womans Club Inc ($215k) and Main Street Delaware Inc ($214k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 52% and program service revenue 47% of the total. Compensation of current officers, directors and key employees was $46k (23% of expenses). At year end it held assets of $189k against liabilities of $0, net assets of $189k. It reported 1 employees.