Northwest Kansas Economic Innovation Center Inc

Analysis

Northwest Kansas Economic Innovation Center Inc is a registered charity in United States, based in Norton, KS. It received its IRS tax-exemption ruling in April 2017, 9 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 private non-operating foundation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2020, Northwest Kansas Economic Innovation Center Inc reported income of $3.8m and spending of $965k, leaving 75% of income unspent that year. Across the 2 years on record, from December 2019 to December 2020, income grew from $2.4m to $3.8m (+56%), an average of +56% a year. The sharpest change came in the year to December 2020, when income rose by 56%. Over the whole period it spent 27% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Northwest Kansas Economic Innovation Center Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within KS. Charities of a similar size with the same main cause include New Horizons Supported Services Inc ($3.8m), Arkansas Human Development Corporation ($3.8m) and Chester County Economic Development Foundation ($3.8m).

On its Form 990 for the period ending December 2020, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $158k (16% of expenses). Other salaries and wages came to $97k. At year end it held assets of $7.8m against liabilities of $4,774, net assets of $7.8m. It reported 3 employees.