Employment
(J20)
IRS Verified
DX Registered
990 on File
BURLINGTON WEST BURLINGTON AREA DEVELOPMENT FOUNDATION
Financial strength (30%)
57/100
Reliability (20%)
55/100
Effectiveness (25%)
78/100
Impact (25%)
No data yet
CharityAI™ Score
Not yet evaluated
Mission Statement
To be a catalyst for economic and community development in the Greater Burlington, Iowa region
Financial Overview — FY 2024
$487K
Total Revenue
$511K
Total Expenses
$1.4M
Net Assets
0
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio
96.6%
Fundraising Efficiency
N/A
Operating Reserve
33.89x
Liability-to-Asset
10.0%
Revenue Diversification
99.8%
Compared with Peers
FY 2024
Compared with 880 similar organizations
(United States, Employment, $100K–$1M in expenses), FY 2024.
This organization
Middle half of peers (P25–P75)
Peer median
| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
96.6% | 85.0% |
P10P90
|
Top quarter |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
2.3% | 12.8% |
P10P90
|
Top quarter |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
1.1% | 0.0% |
P10P90
|
Bottom quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
33.9 mo | 7.9 mo |
P10P90
|
Top quarter |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
10.0% | 3.5% |
P10P90
|
Below median |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
99.8% | 95.3% |
P10P90
|
Below median |
|
Revenue growth
Year over year revenue growth
|
-68.9% | 5.1% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
-16.0% | 7.8% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
-5.1% | 2.5% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2024 | $487K | $511K | $1.4M | 96.6% | 0 |
| 2023 | $1.6M | $609K | $1.5M | 59.6% | 0 |
| 2022 | $125K | $613K | $515K | 98.4% | 0 |
| 2021 | $289K | $380K | N/A | — | 0 |
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