Northern Valley Industries Inc

Analysis

Northern Valley Industries Inc is a registered charity in United States, based in Wausau, WI. It received its IRS tax-exemption ruling in December 1964, 62 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, Northern Valley Industries Inc reported income of $1.2m and spending of $1.1m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $864k to $1.2m (+35%), an average of +7.7% a year. The sharpest change came in the year to December 2020, when income rose by 34%. 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, Northern Valley Industries Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 81st percentile within WI. Charities of a similar size with the same main cause include Downtown Albany Restoration Program Inc ($1.2m), Jacobs Center for Neighborhood Innovation ($1.2m) and Nra Iatse Local 720 Training Trust Fund ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.1% and program service revenue 2.2% of the total. Compensation of current officers, directors and key employees was $80k (7.1% of expenses). Other salaries and wages came to $540k. At year end it held assets of $1.4m against liabilities of $158k, net assets of $1.3m. It reported 194 employees.