Idea Works

Analysis

Idea Works is a registered charity in United States, based in Mansfield, OH. It received its IRS tax-exemption ruling in September 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, Idea Works reported income of $172k and spending of $244k, spending 142% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $241k to $172k (-29%), an average of -8.1% a year. The sharpest change came in the year to December 2021, when income rose by 56%. Over the whole period it spent 96% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Idea Works sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 51st percentile within OH. Charities of a similar size with the same main cause include Halo Inc ($172k), Progressive Alliance Community Development Corporation ($172k) and Fresh Start New Beginning ($172k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 21% and program service revenue 79% of the total. Other salaries and wages came to $96k. At year end it held assets of $62k against liabilities of $5,673, net assets of $56k. It reported 2 employees.