Huron Area Center for Independence

Analysis

Huron Area Center for Independence is a registered charity in United States, based in Huron, SD. It received its IRS tax-exemption ruling in June 1976, 50 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 June 2023, Huron Area Center for Independence reported income of $17.6m and spending of $16.0m, spending 91% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $11.3m to $17.6m (+56%), an average of +12% a year. The sharpest change came in the year to June 2021, when income rose by 27%. Over the whole period it spent 91% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Huron Area Center for Independence sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within SD. Charities of a similar size with the same main cause include Ridc Regional Growth Fund ($17.5m), Chicago Urban League ($17.6m) and Wtia Workforce Institute ($17.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.1% and program service revenue 98% of the total. Other salaries and wages came to $11.7m. At year end it held assets of $18.4m against liabilities of $4.6m, net assets of $13.8m. It reported 431 employees.