S โ€” Community Improvement & Capacity BuildingEIN: 411413301ยท Ruling Year: 1989

Itasca Economic Development Corporation

Grand Rapids, Minnesota

B+Health Score
74B+

Financial Health Score

8-metric score across financial health, operational efficiency, and resilience. Based on IRS Form 990 filing data.

Good

๐Ÿ’ฐ
$2.4M
Total Revenue
๐Ÿ“Š
$1.3M
Total Expenses
๐Ÿฆ
$3.3M
Net Assets
๐Ÿ“‹
$1.2M
Total Liabilities

Financial Trends

5-Year Trend Analysis

Financial Health Indicators

Revenue Growth
+88.3%
Year-over-year change (2022 โ†’ 2023)
Net Margin
+46.7%
Revenue minus expenses as % of revenue
Working Capital Ratio
2.62
Net assets divided by total expenses
Liabilities-to-Assets
26.8%
Total liabilities as % of total assets

Filing History

13 filings on record
YearRevenueExpensesAssets
2023$2,376,295โ†‘88%$1,267,232โ†“2%$4,533,913โ†‘25%
2022$1,261,748โ†“32%$1,290,331โ†“16%$3,630,643โ†“3%
2021$1,851,180โ†‘37%$1,533,383โ†‘43%$3,743,708โ†‘13%
2020$1,346,358โ†‘51%$1,075,677โ†‘73%$3,315,967โ†‘34%
2019$891,583โ†‘47%$622,180โ†‘15%$2,483,494โ†‘6%
2018$606,161โ†“8%$540,791โ†“13%$2,352,917โ†‘2%
2017$657,258โ†“3%$622,080โ†“5%$2,300,760โ†‘1%
2016$680,936โ†‘3%$654,620โ†“5%$2,271,356โ†“20%
2015$660,617โ†“56%$689,045โ†“23%$2,837,526โ†“18%
2014$1,493,092โ†‘67%$891,517โ†‘22%$3,449,134โ†‘19%
2013$892,186โ†“46%$730,190โ†“54%$2,909,507โ†‘6%
2012$1,646,723โ†‘172%$1,595,063โ†‘99%$2,757,561โ†‘6%
2011$606,287$802,200$2,604,534

Frequently Asked Questions

What does Itasca Economic Development Corporation do?โ–ผ

Itasca Economic Development Corporation is a community improvement & capacity building nonprofit organization based in Minnesota. It is classified under NTEE code S40Z and is registered as a 501(c) tax-exempt organization with the IRS.

Is Itasca Economic Development Corporation financially healthy?โ–ผ

Financial health scoring requires Form 990 filing data. Check back as we process more filings for Itasca Economic Development Corporation.

How much revenue does Itasca Economic Development Corporation generate?โ–ผ

Itasca Economic Development Corporation reports $1.5M in annual revenue and holds $4.4M in total assets, based on IRS filings.

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Itasca Economic Development Corporation โ€” Grand Rapids, MN | GiveScope