Institute for Local Self Reliance Inc

Analysis

Institute for Local Self Reliance Inc is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in October 1974, 52 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, Institute for Local Self Reliance Inc reported income of $4.1m and spending of $5.3m, spending 131% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.4m to $4.1m (+199%), an average of +32% a year. The sharpest change came in the year to June 2020, when income rose by 161%. Over the whole period it spent 80% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Institute for Local Self Reliance Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 90th percentile within MN. Charities of a similar size with the same main cause include Cintrifuse ($4.1m), Hillman Accelerator ($4.1m) and Hopeworks Social Enterprises ($4.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 88% and program service revenue 8.5% of the total. Compensation of current officers, directors and key employees was $345k (6.5% of expenses). Other salaries and wages came to $1.9m. At year end it held assets of $6.2m against liabilities of $397k, net assets of $5.8m. It reported 40 employees.