Sandco Industries

Analysis

Sandco Industries is a registered charity in United States, based in Clyde, OH. It received its IRS tax-exemption ruling in June 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Sandco Industries reported income of $2.1m and spending of $1.4m, leaving 30% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.9m to $2.1m (+9.1%), an average of +2.2% a year. The sharpest change came in the year to December 2023, when income rose by 48%. Over the whole period it spent 85% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Sandco Industries sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within OH. Charities of a similar size with the same main cause include Big Sky Economic Development Corporation ($2.1m), Asociacion Pro Juventud Y Comunidad de Barrio Palmas Inc ($2.1m) and Neighborhood Design Center Inc ($2.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.4% and program service revenue 63% of the total. Compensation of current officers, directors and key employees was $137k (9.5% of expenses). Other salaries and wages came to $673k. At year end it held assets of $4.5m against liabilities of $1.2m, net assets of $3.3m. It reported 108 employees.