The Dakota Manufacturing Extension Partnership Inc

Analysis

The Dakota Manufacturing Extension Partnership Inc is a registered charity in United States, based in Bismarck, ND. It received its IRS tax-exemption ruling in August 2001, 25 years ago. Its declared purposes cover employment, 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 March 2023, The Dakota Manufacturing Extension Partnership Inc reported income of $1.4m and spending of $1.4m, spending 99% of its income. Across the 5 years on record, from March 2019 to March 2023, income grew from $343k to $1.4m (+316%), an average of +43% a year. The sharpest change came in the year to March 2020, when income rose by 263%. Over the whole period it spent 104% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, The Dakota Manufacturing Extension Partnership Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 81st percentile within ND. Charities of a similar size with the same main cause include LA Frontera Partners Inc ($1.4m), The Center for Youth and Community Development Inc ($1.4m) and North Philadelphia Financial Partnership ($1.4m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 84% and program service revenue 15% of the total. Compensation of current officers, directors and key employees was $257k (18% of expenses). Other salaries and wages came to $595k. At year end it held assets of $328k against liabilities of $163k, net assets of $165k. It reported 11 employees.