Thurston Economic Development Council Center For Business & Inno
Only null% goes to programs Thin reserves Growing revenue
Thurston Economic Development Council Center For Business & Inno is a 501(c)(3) organization based in Lacey, Washington, registered in 1996, with $3,156,135 in FY2024 revenue. CharityIndex grades it C+.
4220 6th Ave Se, Lacey, WA, 98503 EIN 91-1561600 Since 1996
Revenue (FY2024)
$3.2M
▼ 23.8% vs prior year
Unknown median: $232K
Expenses (FY2024)
$3.1M
Net assets
$167K
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 Thurston Economic Development Council Center For Business & Inno— 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 rating1 mo reserves · +3% 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 Thurston Economic Development Council Center For Business & Inno: 1 mo reserves · +3% 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 Thurston Economic Development Council Center For Business & Inno— 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 Thurston Economic Development Council Center For Business & Inno: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
- Address
- 4220 6th Ave Se, Lacey, WA, 98503
- City
- Lacey
- State
- Washington
- Category
- Unknown
- Subcategory
- Unknown — other (Z9x)
- Website
- …
Financial trends
Revenue grew from $956K (FY2014) to $3.2M (FY2024) across 10 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $303KNet assets $167K
Operating margin
2.7%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$470K
Total liabilities
$303K
Net assets
$167K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $3,156,135▼23.8% | $3,071,897▼27.6% | $167,299▲101% | $470,467▼24.7% | 990 |
| 2023 | $4,139,814▲122% | $4,242,386▲133% | $83,061▼55.3% | $624,890▼0.9% | 990 |
| 2022 | $1,866,030▲88.7% | $1,821,992▲51.0% | $185,633▲31.1% | $630,642▲37.3% | 990 |
| 2021 | $988,794▼53.4% | $1,206,608▼33.7% | $141,595▼60.6% | $459,422▼40.6% | 990 |
| 2020 | $2,124,126▲291% | $1,819,085▲216% | $359,409▲561% | $773,294▲520% | 990 |
| 2019 | $542,887▼11.3% | $575,435▲2.1% | $54,368▼37.4% | $124,757▼32.6% | 990 |
| 2018 | $612,331▼12.5% | $563,415▼17.5% | $86,916▲75.9% | $185,235▲40.0% | 990 |
| 2017 | $699,905▼10.8% | $682,550▼10.0% | $49,419▲50.3% | $132,281▼39.7% | 990 |
| 2015 | $784,804▼17.9% | $758,197▼20.9% | $32,874▲425% | $219,314▼23.9% | 990 |
| 2014 | $955,657 | $958,997 | $6,267 | $288,071 | 990 |
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 · $82K total
5 grants to Thurston Economic Development Council Center For Business & Inno totaling $82K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| The Miami Foundation Inc | Program support | 2023 | $21,000 |
| The Miami Foundation Inc | Program support | 2022 | $17,487 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2022 | $5,810 |
| The Seattle Foundation | To support the economic transition and recovery from covid-19 | 2020 | $30,000 |
| Inatai Foundation | Community learning | 2018 | $7,500 |
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Frequently asked questions
- Is Thurston Economic Development Council Center For Business & Inno a legitimate nonprofit?
- Yes. Thurston Economic Development Council Center For Business & Inno is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 91-1561600, based in Lacey, Washington. Donations are tax-deductible.
- What is Thurston Economic Development Council Center For Business & Inno's EIN?
- Thurston Economic Development Council Center For Business & Inno's Employer Identification Number (EIN) is 91-1561600.
- How much revenue does Thurston Economic Development Council Center For Business & Inno report?
- Thurston Economic Development Council Center For Business & Inno reported $3,156,135 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Thurston Economic Development Council Center For Business & Inno have?
- CharityIndex grades Thurston Economic Development Council Center For Business & Inno C+, based on financial health (reserves and operating margin).
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Data for Thurston Economic Development Council Center For Business & Inno (EIN 91-1561600) 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.