Handi Shop Industries Inc

Analysis

Handi Shop Industries Inc is a registered charity in United States, based in Tomah, WI. It received its IRS tax-exemption ruling in November 1973, 53 years ago. Its declared purposes cover employment, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Handi Shop Industries Inc reported income of $3.0m and spending of $3.0m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.6m to $3.0m (+15%), an average of +3.5% a year. Over the whole period it spent 98% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Handi Shop Industries Inc sits at the 89th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within WI. Charities of a similar size with the same main cause include Family-Centered Educational Agency Inc ($3.0m), Lafayette Industries North Inc ($3.0m) and Employment Options Inc ($3.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.6% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $174k (5.8% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $1.6m against liabilities of $252k, net assets of $1.4m. It reported 97 employees.