Guttenberg Economic and Industrial Development Committee

Analysis

Guttenberg Economic and Industrial Development Committee is a registered charity in United States, based in Guttenberg, IA. It received its IRS tax-exemption ruling in December 1986, 40 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, Guttenberg Economic and Industrial Development Committee reported income of $89k and spending of $35k, leaving 61% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $139 to $89k (+63847%), an average of +63847% a year. The sharpest change came in the year to December 2023, when income rose by 63847%. Over the whole period it spent 53% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Guttenberg Economic and Industrial Development Committee sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 32nd percentile within IA. Charities of a similar size with the same main cause include Cape Cod Canal Region Foundation Inc ($89k), Avixa Foundation Inc ($89k) and Rural Gone Urban Foundation Inc ($89k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $278k against liabilities of $0, net assets of $278k.