Top of Iowa Welcome Center

Analysis

Top of Iowa Welcome Center is a registered charity in United States, based in Northwood, IA. It received its IRS tax-exemption ruling in November 1993, 33 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, Top of Iowa Welcome Center reported income of $503k and spending of $502k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $461k to $503k (+9.3%), an average of +2.2% a year. The sharpest change came in the year to December 2021, when income rose by 15%. Over the whole period it spent 99% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Top of Iowa Welcome Center sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 73rd percentile within IA. Charities of a similar size with the same main cause include California Biomanufacturing Center ($503k), Chicago Family Business Council Inc ($503k) and University District Special Improvement District Inc ($503k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% and program service revenue 5.5% of the total. Compensation of current officers, directors and key employees was $87k (17% of expenses). Other salaries and wages came to $273k. At year end it held assets of $314k against liabilities of $2,974, net assets of $311k. It reported 22 employees.