West Central Industries Inc

Analysis

West Central Industries Inc is a registered charity in United States, based in Willmar, MN. It received its IRS tax-exemption ruling in August 1967, 59 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, West Central Industries Inc reported income of $3.3m and spending of $3.3m, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $3.7m to $3.3m (-11%), an average of -2.9% a year. The sharpest change came in the year to June 2021, when income rose by 30%. Over the whole period it spent 89% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, West Central Industries Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within MN. Charities of a similar size with the same main cause include Voterunlead ($3.3m), Hawaii Hotel Industry Foundation ($3.3m) and Hudson Square District Management Association Incorporated ($3.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 3.8% and program service revenue 98% of the total. Other salaries and wages came to $2.0m. At year end it held assets of $5.0m against liabilities of $191k, net assets of $4.8m. It reported 150 employees.