Iowas West Coast Initiative

Analysis

Iowas West Coast Initiative is a registered charity in United States, based in Sioux City, IA. It received its IRS tax-exemption ruling in July 2022, 4 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 June 2024, Iowas West Coast Initiative reported income of $118k and spending of $87k, leaving 26% of income unspent that year. Across the 4 years on record, from June 2021 to June 2024, income grew from $35k to $118k (+239%), an average of +50% a year. The sharpest change came in the year to June 2022, when income rose by 117%. Over the whole period it spent 94% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Iowas West Coast Initiative sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 40th percentile within IA. Charities of a similar size with the same main cause include Rising Together Foundation ($118k), Downtown Clifton Economic Development Group Inc ($118k) and Friends of Howell Station ($118k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $60k against liabilities of $0, net assets of $60k.