Upper Des Moines Opportunity Inc

Analysis

Upper Des Moines Opportunity Inc is a registered charity in United States, based in Graettinger, IA. It received its IRS tax-exemption ruling in March 1967, 59 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, Upper Des Moines Opportunity Inc reported income of $19.1m and spending of $18.6m, spending 97% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $14.6m to $19.1m (+31%), an average of +6.9% a year. The sharpest change came in the year to September 2022, when income rose by 25%. 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, Upper Des Moines Opportunity Inc sits at the 98th percentile: it is larger than about 98% 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 Community Loan Fund of New Jersey Inc ($19.1m), Palmetto Goodwill Services ($19.2m) and Farestart ($19.1m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 98% and program service revenue 2.0% of the total. Compensation of current officers, directors and key employees was $252k (1.4% of expenses). Other salaries and wages came to $6.6m. At year end it held assets of $7.1m against liabilities of $1.4m, net assets of $5.6m. It reported 265 employees.