Local Initiative for Transformation - WC Inc

Analysis

Local Initiative for Transformation - WC Inc is a registered charity in United States, based in Webster City, IA. It received its IRS tax-exemption ruling in August 2019, 7 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, Local Initiative for Transformation - WC Inc reported income of $109k and spending of $128k, spending 117% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $80k to $109k (+37%), an average of +37% a year. The sharpest change came in the year to December 2023, when income rose by 37%. Over the whole period it spent 91% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Local Initiative for Transformation - WC Inc 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 38th percentile within IA. Charities of a similar size with the same main cause include Chanhassen Rotary Foundation ($109k), Kiwanis Club of Tulare Foundation ($109k) and South Side Community Organization of Tracy California ($109k).

At year end it held assets of $66k against liabilities of $0, net assets of $66k.