In Need of Capital

Analysis

In Need of Capital is a registered charity in United States, based in St Louis Park, MN. It received its IRS tax-exemption ruling in December 2020, 6 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, In Need of Capital reported income of $202k and spending of $533, leaving 100% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income fell from $236k to $202k (-14%), an average of -7.5% a year. The sharpest change came in the year to December 2023, when income rose by 102%. Over the whole period it spent 2.1% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, In Need of Capital sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 52nd percentile within MN. Charities of a similar size with the same main cause include BBSW ($202k), Harp Foundation ($202k) and Groveport Community Improvement Corporation ($202k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% of the total. At year end it held assets of $527k against liabilities of $0, net assets of $527k.