Carroll Hills Industries Inc

Analysis

Carroll Hills Industries Inc is a registered charity in United States, based in Carrollton, OH. It received its IRS tax-exemption ruling in August 1988, 38 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, Carroll Hills Industries Inc reported income of $527k and spending of $534k, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $562k to $527k (-6.2%), an average of -1.6% a year. The sharpest change came in the year to December 2022, when income rose by 23%. Over the whole period it spent 96% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Carroll Hills Industries Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 71st percentile within OH. Charities of a similar size with the same main cause include United for a Good Cause Inc ($527k), Scranton Tomorrow ($527k) and Spruce Island Development Corporation Inc ($526k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 6.4% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $80k (15% of expenses). Other salaries and wages came to $282k. At year end it held assets of $923k against liabilities of $95k, net assets of $828k. It reported 35 employees.