Medina County Sheltered Industries Inc

Analysis

Medina County Sheltered Industries Inc is a registered charity in United States, based in Wadsworth, OH. It received its IRS tax-exemption ruling in September 1982, 44 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, Medina County Sheltered Industries Inc reported income of $2.7m and spending of $2.6m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.1m to $2.7m (-13%), an average of -3.4% a year. The sharpest change came in the year to December 2020, when income dropped by 15%. 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, Medina County Sheltered Industries Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within OH. Charities of a similar size with the same main cause include Society of St Vincent de Paul Diocesan Council of Owensboro Inc ($2.7m), Gainesville Economic Development Corporation ($2.7m) and El Pueblo Community Development Corporation ($2.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.7% and program service revenue 79% of the total. Compensation of current officers, directors and key employees was $128k (4.8% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $1.6m against liabilities of $635k, net assets of $964k. It reported 179 employees.