Mid-Iowa Community Action -Mica- Incorporated

Analysis

Mid-Iowa Community Action -Mica- Incorporated is a registered charity in United States, based in Marshalltown, IA. It received its IRS tax-exemption ruling in September 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, Mid-Iowa Community Action -Mica- Incorporated reported income of $16.5m and spending of $16.6m, spending 101% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $15.9m to $16.5m (+3.3%), an average of +0.8% a year. The sharpest change came in the year to September 2022, when income rose by 27%. Over the whole period it spent 100% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Mid-Iowa Community Action -Mica- Incorporated sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within IA. Charities of a similar size with the same main cause include Lions Services Inc ($16.5m), Workquest Inc ($16.5m) and Invest Newark ($16.5m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 97% and program service revenue 1.2% of the total. Compensation of current officers, directors and key employees was $226k (1.4% of expenses). Other salaries and wages came to $6.0m. At year end it held assets of $4.0m against liabilities of $1.6m, net assets of $2.4m. It reported 267 employees.