Winona O R C Industries Inc

Analysis

Winona O R C Industries Inc is a registered charity in United States, based in Winona, MN. It received its IRS tax-exemption ruling in November 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, Winona O R C Industries Inc reported income of $2.7m and spending of $2.4m, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.1m to $2.7m (-12%), an average of -3.3% a year. The sharpest change came in the year to December 2022, when income rose by 25%. Over the whole period it spent 105% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Winona O R C Industries Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 87th percentile within MN. Charities of a similar size with the same main cause include Pop Warner Little Scholars Inc ($2.7m), Recovery Council of Southeast Texas ($2.7m) and Hemostasis and Thrombosis Research Society Inc ($2.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 21% and program service revenue 36% of the total. Compensation of current officers, directors and key employees was $227k (9.4% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $3.2m against liabilities of $928k, net assets of $2.3m. It reported 183 employees.