Southern Iowa Development Group Inc

Analysis

Southern Iowa Development Group Inc is a registered charity in United States, based in Creston, IA. It received its IRS tax-exemption ruling in March 1989, 37 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, Southern Iowa Development Group Inc reported income of $70k and spending of $38k, leaving 46% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $57k to $70k (+22%), an average of +5.2% a year. The sharpest change came in the year to September 2021, when income rose by 2337%. Over the whole period it spent 36% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Southern Iowa Development Group Inc sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 25th percentile within IA. Charities of a similar size with the same main cause include Economic Alliance Foundation Inc ($70k), Lift Bridge Community Association ($70k) and Natural State Advancement Institute ($70k).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 40% of the total. At year end it held assets of $3.3m against liabilities of $86k, net assets of $3.2m.