East Shore Industries Inc

Analysis

East Shore Industries Inc is a registered charity in United States, based in Algoma, WI. It received its IRS tax-exemption ruling in June 1974, 52 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, East Shore Industries Inc reported income of $1.5m and spending of $1.5m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.4m to $1.5m (+2.0%), an average of +0.5% a year. The sharpest change came in the year to December 2023, when income dropped by 17%. Over the whole period it spent 82% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, East Shore Industries Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 84th percentile within WI. Charities of a similar size with the same main cause include The Arc of Licking County ($1.5m), Scholarshot ($1.5m) and Big Brothers Big Sisters of Licking & Perry Counties Inc ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 7.3% and program service revenue 75% of the total. Other salaries and wages came to $1.0m. At year end it held assets of $6.0m against liabilities of $124k, net assets of $5.9m. It reported 63 employees.