Mid-Iowa Workshops Inc

Analysis

Mid-Iowa Workshops Inc is a registered charity in United States, based in Marshalltown, IA. It received its IRS tax-exemption ruling in May 1967, 59 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 2024, Mid-Iowa Workshops Inc reported income of $657k and spending of $764k, spending 116% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $752k to $657k (-13%), an average of -3.3% a year. The sharpest change came in the year to June 2021, when income rose by 52%. Over the whole period it spent 89% 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 Workshops Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 76th percentile within IA. Charities of a similar size with the same main cause include Kings Care a Safe Place Inc ($656k), Hosanna Community Foundation Inc ($657k) and Nebraska City Veterans Memorial Building Project ($656k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 18% and program service revenue 60% of the total. Compensation of current officers, directors and key employees was $151k (20% of expenses). Other salaries and wages came to $297k. At year end it held assets of $2.6m against liabilities of $308k, net assets of $2.3m. It reported 89 employees.