Industrial Aid Inc

Analysis

Industrial Aid Inc is a registered charity in United States, based in Saint Louis, MO. It received its IRS tax-exemption ruling in July 1970, 56 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 Aid Inc reported income of $3.5m and spending of $3.7m, spending 107% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $4.1m to $3.5m (-14%), an average of -3.7% a year. The sharpest change came in the year to June 2024, when income dropped by 24%. Over the whole period it spent 98% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Industrial Aid Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 88th percentile within MO. Charities of a similar size with the same main cause include Chickasha Opportunity Center Inc ($3.5m), Operating Engineer and Northern Ca Affirmative Action Training Fund ($3.5m) and Advancement Through Opportunity and Knowledge Incorporated ($3.5m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 29% and program service revenue 53% of the total. Compensation of current officers, directors and key employees was $159k (4.3% of expenses). Other salaries and wages came to $2.2m. At year end it held assets of $7.7m against liabilities of $1.3m, net assets of $6.4m. It reported 157 employees.