Northwest Wisconsin Business Development Corporation

Analysis

Northwest Wisconsin Business Development Corporation is a registered charity in United States, based in Spooner, WI. It received its IRS tax-exemption ruling in March 1985, 41 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable 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 December 2023, Northwest Wisconsin Business Development Corporation reported income of $101k and spending of $67k, leaving 34% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $113k to $101k (-11%), an average of -2.9% a year. The sharpest change came in the year to December 2023, when income rose by 47%. Over the whole period it spent 127% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Northwest Wisconsin Business Development Corporation sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 36th percentile within WI. Charities of a similar size with the same main cause include PTA California Congress of Parents Teachers & Students Inc ($101k), President Harry S Truman Manor ($101k) and PTA Texas Congress ($101k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 66% of the total. At year end it held assets of $4.2m against liabilities of $76k, net assets of $4.1m.