Kootasca Community Action Inc

Analysis

Kootasca Community Action Inc is a registered charity in United States, based in Grand Rapids, MN. It received its IRS tax-exemption ruling in June 1966, 60 years ago. 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 2022, Kootasca Community Action Inc reported income of $11.1m and spending of $9.0m, spending 81% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $6.8m to $11.1m (+62%), an average of +18% a year. The sharpest change came in the year to December 2022, when income rose by 28%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Kootasca Community Action Inc 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 Holy Redeemer Home Care Inc ($11.1m), Matulaitis Nursing Home Inc ($11.1m) and Achievement Center for Children ($11.1m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 99% and program service revenue 1.6% of the total. Compensation of current officers, directors and key employees was $195k (2.2% of expenses). Other salaries and wages came to $4.2m. At year end it held assets of $5.5m against liabilities of $1.6m, net assets of $3.9m. It reported 125 employees.