Engage Winona

Analysis

Engage Winona is a registered charity in United States, based in Winona, MN. It received its IRS tax-exemption ruling in February 2018, 8 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 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, Engage Winona reported income of $320k and spending of $259k, spending 81% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $198k to $320k (+61%), an average of +61% a year. The sharpest change came in the year to December 2023, when income rose by 61%. Over the whole period it spent 82% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Engage Winona sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 62nd percentile within MN. Charities of a similar size with the same main cause include City of Kingston Local Development Corp ($320k), Plaza Apartment Inc ($320k) and World Trade Center Utah Foundation ($320k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% and program service revenue 8.8% of the total. Compensation of current officers, directors and key employees was $64k (25% of expenses). Other salaries and wages came to $82k. At year end it held assets of $185k against liabilities of $4,146, net assets of $181k. It reported 4 employees.