U-Co Industries Inc

Analysis

U-Co Industries Inc is a registered charity in United States, based in Marysville, OH. It received its IRS tax-exemption ruling in January 1976, 50 years ago. 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 June 2023, U-Co Industries Inc reported income of $788k and spending of $1.4m, spending 175% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.1m to $788k (-29%), an average of -8.3% a year. The sharpest change came in the year to June 2021, when income rose by 63%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, U-Co Industries Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 77th percentile within OH. Charities of a similar size with the same main cause include Diversity Alliance for Science ($788k), Camp Fire ($788k) and National Alliance of Sickle Cell Centers ($788k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 9.6% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $245k (18% of expenses). Other salaries and wages came to $226k. At year end it held assets of $7.1m against liabilities of $1.3m, net assets of $5.9m. It reported 141 employees.