West Central Minnesota Communities Action Inc

Analysis

West Central Minnesota Communities Action Inc is a registered charity in United States, based in Elbow Lake, MN. It received its IRS tax-exemption ruling in May 1966, 60 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 September 2023, West Central Minnesota Communities Action Inc reported income of $12.2m and spending of $12.1m, spending 99% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $9.6m to $12.2m (+26%), an average of +6.0% a year. Over the whole period it spent 99% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, West Central Minnesota Communities Action Inc sits at the 97th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within MN. Charities of a similar size with the same main cause include Native American Development Corporation ($12.1m), Worksource Montgomery Inc ($12.2m) and Westview Services Inc ($12.1m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 93% and program service revenue 6.0% of the total. Compensation of current officers, directors and key employees was $285k (2.4% of expenses). Other salaries and wages came to $4.7m. At year end it held assets of $6.8m against liabilities of $3.6m, net assets of $3.2m. It reported 149 employees.