West Central Initiative

Analysis

West Central Initiative is a registered charity in United States, based in Fergus Falls, MN. It received its IRS tax-exemption ruling in August 1986, 40 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, West Central Initiative reported income of $9.8m and spending of $12.1m, spending 124% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $10.9m to $9.8m (-11%), an average of -2.8% a year. The sharpest change came in the year to June 2021, when income rose by 51%. Over the whole period it spent 77% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, West Central Initiative sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within MN. Charities of a similar size with the same main cause include Scintilla Charter Academy Inc ($9.8m), Beckley Area Foundation Inc ($9.8m) and Community Foundation of North Central Massachusetts Inc ($9.8m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 62% and program service revenue 6.7% of the total. Compensation of current officers, directors and key employees was $220k (1.8% of expenses). Other salaries and wages came to $1.8m. At year end it held assets of $88.8m against liabilities of $1.9m, net assets of $86.9m. It reported 27 employees.