West Bank Business Association

Analysis

West Bank Business Association is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in July 2014, 12 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 December 2023, West Bank Business Association reported income of $289k and spending of $223k, leaving 23% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $230k to $289k (+25%), an average of +12% a year. The sharpest change came in the year to December 2023, when income rose by 72%. Over the whole period it spent 81% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, West Bank Business Association sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 60th percentile within MN. Charities of a similar size with the same main cause include Accessibility Professionals Association ($289k), Cleveland Superior Arts Improvement Corporation ($289k) and Greater Austin San Antonio Corridor Council Inc ($289k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 1.0% of the total. Other salaries and wages came to $63k. At year end it held assets of $240k against liabilities of $12k, net assets of $229k. It reported 11 employees.