Specialty Industries of St Joseph I NC

Analysis

Specialty Industries of St Joseph I NC is a registered charity in United States, based in Saint Joseph, MO. It received its IRS tax-exemption ruling in July 1976, 50 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, Specialty Industries of St Joseph I NC reported income of $2.6m and spending of $2.3m, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.1m to $2.6m (+28%), an average of +6.3% a year. The sharpest change came in the year to December 2021, when income rose by 23%. Over the whole period it spent 88% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Specialty Industries of St Joseph I NC 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 MO. Charities of a similar size with the same main cause include Jacksonville Electrical Joint Apprenticeship and TRNG Comm Inc ($2.6m), Sequoia Plaza Mobilehome Park Corporation ($2.6m) and Hugh Lane Foundation ($2.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 31% and program service revenue 67% of the total. Compensation of current officers, directors and key employees was $105k (4.5% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $5.3m against liabilities of $27k, net assets of $5.3m. It reported 123 employees.