Center at Sixth

Analysis

Center at Sixth is a registered charity in United States, based in Des Moines, IA. It received its IRS tax-exemption ruling in December 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 December 2023, Center at Sixth reported income of $1.6m and spending of $32k, leaving 98% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $468k to $1.6m (+246%), an average of +246% a year. The sharpest change came in the year to December 2023, when income rose by 246%. Over the whole period it spent 1.7% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Center at Sixth sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 86th percentile within IA. Charities of a similar size with the same main cause include Laclede Industries ($1.6m), Sunflower Bakery Inc ($1.6m) and Greater Winston-Salem Development Corp ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $2.3m against liabilities of $198k, net assets of $2.1m.