Webster County Improvement Corporation

Analysis

Webster County Improvement Corporation is a registered charity in United States, based in Fort Dodge, IA. It received its IRS tax-exemption ruling in December 1992, 34 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Webster County Improvement Corporation reported income of $218k and spending of $169k, leaving 22% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $246k to $218k (-11%), an average of -3.0% a year. The sharpest change came in the year to December 2020, when income dropped by 25%. Over the whole period it spent 57% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Webster County Improvement Corporation sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 57th percentile within IA. Charities of a similar size with the same main cause include Owcap Disability Housing Inc ($218k), Lincoln Park Housing Corporation ($218k) and Hawthorne Supportive Housing Inc ($218k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $106k. At year end it held assets of $3.8m against liabilities of $67k, net assets of $3.7m.