Areawide Business Council Incorporated

Analysis

Areawide Business Council Incorporated is a registered charity in United States, based in Yankton, SD. It received its IRS tax-exemption ruling in February 1983, 43 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 December 2023, Areawide Business Council Incorporated reported income of $332k and spending of $192k, leaving 42% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $351k to $332k (-5.4%), an average of -1.4% a year. The sharpest change came in the year to December 2020, when income rose by 1092%. Over the whole period it spent 12% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Areawide Business Council Incorporated sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 62nd percentile within SD. Charities of a similar size with the same main cause include The Ely Community Resource Inc ($332k), Child Evangelism Fellowship Inc ($332k) and Columbia Chamber Orchestra of Howard County ($332k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.0% and program service revenue 91% of the total. At year end it held assets of $10.2m against liabilities of $825k, net assets of $9.4m.