Orc Industries Inc

Analysis

Orc Industries Inc is a registered charity in United States, based in LA Crosse, WI. It received its IRS tax-exemption ruling in September 1968, 58 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, Orc Industries Inc reported income of $29.7m and spending of $14.6m, leaving 51% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $17.7m to $29.7m (+68%), an average of +14% a year. The sharpest change came in the year to December 2023, when income rose by 2321%. Over the whole period it spent 54% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Orc Industries Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within WI. Charities of a similar size with the same main cause include Goodwill Industries of Central Michigans Heartland Inc ($29.7m), Challenge Unlimited Inc ($30.2m) and Invest Detroit Foundation ($29.6m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 35% of the total. Compensation of current officers, directors and key employees was $467k (3.2% of expenses). Other salaries and wages came to $5.8m. At year end it held assets of $240.4m against liabilities of $1.1m, net assets of $239.4m. It reported 392 employees.