Southwest Minnesota Private Industry Council Inc

Analysis

Southwest Minnesota Private Industry Council Inc is a registered charity in United States, based in Marshall, MN. It received its IRS tax-exemption ruling in July 1984, 42 years ago. Its declared purposes cover employment, 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, Southwest Minnesota Private Industry Council Inc reported income of $3.4m and spending of $3.4m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.3m to $3.4m (+1.5%), an average of +0.4% a year. Over the whole period it spent 98% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Southwest Minnesota Private Industry Council Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 89th percentile within MN. Charities of a similar size with the same main cause include Capc-Asm ($3.4m), Cleveland Vocational Industries ($3.4m) and Western Reserve Community Fund Inc ($3.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 0.6% of the total. Compensation of current officers, directors and key employees was $216k (6.4% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $1.6m against liabilities of $375k, net assets of $1.2m. It reported 114 employees.