North Central Soybean Research Program

Analysis

North Central Soybean Research Program is a registered charity in United States, based in Ankeny, IA. It received its IRS tax-exemption ruling in July 1993, 33 years ago. Its declared purposes cover science and technology, which this site groups under arts, culture, heritage and science. 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, North Central Soybean Research Program reported income of $4.7m and spending of $5.5m, spending 116% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $3.7m to $4.7m (+28%), an average of +6.3% a year. The sharpest change came in the year to September 2023, when income rose by 25%. Over the whole period it spent 105% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, North Central Soybean Research Program sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within IA. Charities of a similar size with the same main cause include Bill Edwards Foundation for the Arts Inc ($4.7m), Arts of Southern Kentucky Inc ($4.7m) and Guild Hall of East Hampton Inc ($4.7m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 90% and program service revenue 9.6% of the total. At year end it held assets of $1.3m against liabilities of $0, net assets of $1.3m.