Local Initiative For Transformation - Wc Inc
Only null% goes to programs Strong reserves Growing revenue
Local Initiative For Transformation - Wc Inc is a 501(c)(3) organization based in Webster City, Iowa, registered in 2019, with $109,417 in FY2023 revenue. CharityIndex grades it C+.
215 E Dubuque St, Webster City, IA, 50595 EIN 83-4220326 Since 2019
Revenue (FY2023)
$109K
▲ 37.1% vs prior year
Community median: $184K
Expenses (FY2023)
$128K
Net assets
$66K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Local Initiative For Transformation - Wc Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
C+Financial health25% of the rating6 mo reserves · -17% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Local Initiative For Transformation - Wc Inc: 6 mo reserves · -17% margin earns a C+ on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Local Initiative For Transformation - Wc Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Local Initiative For Transformation - Wc Inc: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
- Address
- 215 E Dubuque St, Webster City, IA, 50595
- City
- Webster City
- State
- Iowa
- Subcategory
- Community Programs
- Website
- …
Financial trends
Revenue grew from $49K (FY2019) to $109K (FY2023) across 5 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $0Net assets $66K
Operating margin
-17.0%
Spent more than it raised in the latest fiscal year.
Total assets
$66K
Total liabilities
$0
Net assets
$66K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $109,417▲37.1% | $127,975▲192% | $66,419▼21.8% | $66,419▼22.0% | 990EZ |
| 2022 | $79,787▲92.3% | $43,869▲15.2% | $84,977▲73.2% | $85,127▲73.5% | 990EZ |
| 2021 | $41,482▲848% | $38,080▲321% | $49,059▲7.5% | $49,059▲7.5% | 990EZ |
| 2020 | $4,375▼91.0% | $9,052▼76.4% | $45,657▼9.3% | $45,657▼9.3% | 990EZ |
| 2019 | $48,833 | $38,406 | $50,334 | $50,334 | 990EZ |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Grants received · $172K total
11 grants to Local Initiative For Transformation - Wc Inc totaling $172K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Community Fdn of Greater Des Moines | Grant distribution - rdg | 2023 | $13,000 |
| Community Fdn of Greater Des Moines | For pinnacle indoor sports market study initial payment - the dub sports park fund | 2023 | $7,500 |
| Community Fdn of Greater Des Moines | Grant distribution | 2022 | $25,000 |
| The Blackbaud Giving Fund | General support | 2022 | $20,000 |
| Community Fdn of Greater Des Moines | Grant distribution | 2022 | $15,000 |
| Community Fdn of Greater Des Moines | Grant distribution | 2021 | $17,500 |
| Community Fdn of Greater Des Moines | Grant distribution | 2021 | $6,000 |
| Community Fdn of Greater Des Moines | Grant distribution | 2020 | $4,518 |
| Community Fdn of Greater Des Moines | Grant distribution for project expenses | 2020 | $3,783 |
| Community Fdn of Greater Des Moines | Grant distribution | 2019 | $30,000 |
| Community Fdn of Greater Des Moines | Grant distribution | 2018 | $30,000 |
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Frequently asked questions
- Is Local Initiative For Transformation - Wc Inc a legitimate nonprofit?
- Yes. Local Initiative For Transformation - Wc Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 83-4220326, based in Webster City, Iowa. Donations are tax-deductible.
- What is Local Initiative For Transformation - Wc Inc's EIN?
- Local Initiative For Transformation - Wc Inc's Employer Identification Number (EIN) is 83-4220326.
- How much revenue does Local Initiative For Transformation - Wc Inc report?
- Local Initiative For Transformation - Wc Inc reported $109,417 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- What financial grade does Local Initiative For Transformation - Wc Inc have?
- CharityIndex grades Local Initiative For Transformation - Wc Inc C+, based on financial health (reserves and operating margin).
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Data for Local Initiative For Transformation - Wc Inc (EIN 83-4220326) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.