Jamestown Regional Entrepreneur Center

Analysis

Jamestown Regional Entrepreneur Center is a registered charity in United States, based in Jamestown, ND. It received its IRS tax-exemption ruling in December 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, Jamestown Regional Entrepreneur Center reported income of $107k and spending of $149k, spending 139% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $218k to $107k (-51%), an average of -16% a year. The sharpest change came in the year to December 2023, when income dropped by 43%. Over the whole period it spent 85% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Jamestown Regional Entrepreneur Center sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 30th percentile within ND. Charities of a similar size with the same main cause include Village of Hamburg Community Foundation ($107k), Conflict Resolution Center of Cab City ($107k) and Junior League of Evansville Inc ($107k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% and program service revenue 0.0% of the total. Compensation of current officers, directors and key employees was $70k (47% of expenses). Other salaries and wages came to $3,190. At year end it held assets of $156k against liabilities of -$763, net assets of $157k. It reported 4 employees.