Cedar Valley Tech Works Inc

Analysis

Cedar Valley Tech Works Inc is a registered charity in United States, based in Waterloo, IA. It received its IRS tax-exemption ruling in November 2006, 20 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 2024, Cedar Valley Tech Works Inc reported income of $465k and spending of $615k, spending 132% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income fell from $527k to $465k (-12%), an average of -2.5% a year. The sharpest change came in the year to June 2023, when income dropped by 1824%. Over the whole period it spent -196% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Cedar Valley Tech Works Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 72nd percentile within IA. Charities of a similar size with the same main cause include Franklin Noon Rotary Charitable Foundation Inc ($465k), Cracked Pot Coffee Shop ($465k) and Mt Airy Community Services Corporation ($465k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 75% of the total. At year end it held assets of $6.9m against liabilities of $9,742, net assets of $6.9m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.