Thurston Economic Development Council Center for Business & Inno

Analysis

Thurston Economic Development Council Center for Business & Inno is a registered charity in United States, based in Lacey, WA. It received its IRS tax-exemption ruling in October 1996, 30 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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, Thurston Economic Development Council Center for Business & Inno reported income of $4.1m and spending of $4.2m, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $543k to $4.1m (+663%), an average of +66% a year. The sharpest change came in the year to December 2020, when income rose by 291%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Thurston Economic Development Council Center for Business & Inno sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within WA. Charities of a similar size with the same main cause include Grandview Foundation Inc ($4.1m), Minnesota Hockey Inc ($4.1m) and Boys and Girls Club of Rockford ($4.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 0.4% of the total. Other salaries and wages came to $611k. At year end it held assets of $625k against liabilities of $542k, net assets of $83k. It reported 16 employees.