Hocking Valley Industries Inc

Analysis

Hocking Valley Industries Inc is a registered charity in United States, based in Logan, OH. It received its IRS tax-exemption ruling in October 1981, 45 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 December 2023, Hocking Valley Industries Inc reported income of $1.2m and spending of $1.1m, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $1.2m (+6.9%), an average of +1.7% a year. The sharpest change came in the year to December 2021, when income rose by 15%. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hocking Valley Industries Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 81st percentile within OH. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($1.2m), Edmund F Boettcher Foundation ($1.2m) and New Horizons Elementary School ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.6% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $82k (7.5% of expenses). Other salaries and wages came to $678k. At year end it held assets of $1.4m against liabilities of $71k, net assets of $1.3m. It reported 63 employees.