Charity Search / LOCAL INITIATIVE FOR TRANSFORMATION - WC INC
Community Improvement (S99) 990 on File

LOCAL INITIATIVE FOR TRANSFORMATION - WC INC

EIN: 83-4220326 · WEBSTER CITY, IA 50595-2958 · United States · FY 2024 Data
3 out of 5 44 / 100 Based on 2+ years of filings
Financial strength (30%) 61/100
Reliability (20%) 45/100
Effectiveness (25%) 66/100
Impact (25%) No data yet
Financial data: FY 2024 · Scored 9/13/2026
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Financial Overview — FY 2024
$961K
Total Revenue
$949K
Total Expenses
$79K
Net Assets
0
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio 100.0%
Fundraising Efficiency N/A
Operating Reserve 1.00x
Liability-to-Asset 0.2%
Revenue Diversification 100.0%
Compared with Peers
FY 2024
Compared with 4,285 similar organizations (United States, Community Improvement, $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
100.0% 83.7%
P10P90
Top quarter
Admin expense ratio
Management and general / total expenses · lower is better
0.0% 13.2%
P10P90
Top quarter
Fundraising expense ratio
Fundraising expenses / total expenses · lower is better
0.0% 0.0%
P10P90
Top quarter
Operating reserve
Months of expenses covered by net assets · higher is better
1.0 mo 11.3 mo
P10P90
Bottom quarter
Liabilities to assets
Total liabilities / total assets · lower is better
0.2% 3.1%
P10P90
Above median
Revenue concentration
Share of revenue from the largest source · lower is better
100.0% 92.2%
P10P90
Bottom quarter
Revenue growth
Year over year revenue growth
778.5% 7.1%
P10P90
Expense growth
Year over year expense growth
641.4% 9.1%
P10P90
Surplus margin
Surplus as a share of revenue
1.3% 2.9%
P10P90
Financial History
Year Revenue Expenses Net Assets Program % Staff
2024 $961K $949K $79K 100.0% 0
2023 $109K $128K $66K 66.3% —
2022 $80K $44K $85K 181.9% —
2021 $42K $38K N/A — 1
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Organization Details
EIN
83-4220326
State
IA
City
WEBSTER CITY
ZIP
50595-2958
Classification
S99
Category
Community Improvement
Rating
3★
Coverage
A
Last Updated
Aug 2026
Form 990
On File
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