Mitchell County Economic

Analysis

Mitchell County Economic is a registered charity in United States, based in Osage, IA. It received its IRS tax-exemption ruling in October 2001, 25 years ago. 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 June 2024, Mitchell County Economic reported income of $723k and spending of $472k, leaving 35% of income unspent that year. Across the 3 years on record, from June 2022 to June 2024, income grew from $270k to $723k (+168%), an average of +64% a year. The sharpest change came in the year to June 2024, when income rose by 366%. Over the whole period it spent 76% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mitchell County Economic sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 78th percentile within IA. Charities of a similar size with the same main cause include Owl Research Institute Inc ($723k), U S Croquet Association ($723k) and Early Learning Center Inc ($723k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 80% and program service revenue 17% of the total. Other salaries and wages came to $104k. At year end it held assets of $831k against liabilities of $300k, net assets of $531k. It reported 2 employees.