Guernsey Industries

Analysis

Guernsey Industries is a registered charity in United States, based in Cambridge, OH. It received its IRS tax-exemption ruling in December 1986, 40 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Guernsey Industries reported income of $1.0m and spending of $1.2m, spending 117% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.1m to $1.0m (-5.5%), an average of -1.4% a year. The sharpest change came in the year to December 2021, when income rose by 24%. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Guernsey Industries sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 80th percentile within OH. Charities of a similar size with the same main cause include Greencastle of Palatine Inc ($1.0m), Big Brothers Big Sisters of St Lucie Indian River & Okeechobee Co ($1.0m) and Tailhook Educational Foundation Inc ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 94% of the total. Compensation of current officers, directors and key employees was $106k (8.9% of expenses). Other salaries and wages came to $654k. At year end it held assets of $403k against liabilities of $5,582, net assets of $398k. It reported 64 employees.