Industrial Opportunities Inc

Analysis

Industrial Opportunities Inc is a registered charity in United States, based in Kahoka, MO. It received its IRS tax-exemption ruling in November 1969, 57 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 June 2024, Industrial Opportunities Inc reported income of $663k and spending of $601k, spending 91% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $454k to $663k (+46%), an average of +9.9% a year. The sharpest change came in the year to June 2023, when income rose by 19%. Over the whole period it spent 92% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Industrial Opportunities Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 72nd percentile within MO. Charities of a similar size with the same main cause include The Wechsler Foundation ($662k), Placemade ($663k) and Willamette Light Brigade ($662k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 35% and program service revenue 62% of the total. Other salaries and wages came to $228k. At year end it held assets of $461k against liabilities of $26k, net assets of $436k. It reported 56 employees.