Nocomo Industries Inc

Analysis

Nocomo Industries Inc is a registered charity in United States, based in Maryville, MO. It received its IRS tax-exemption ruling in March 1977, 49 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, Nocomo Industries Inc reported income of $665k and spending of $307k, leaving 54% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $475k to $665k (+40%), an average of +8.8% a year. The sharpest change came in the year to June 2021, when income rose by 35%. Over the whole period it spent 84% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Nocomo Industries 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 Contra Costa Economic Partnership Inc ($665k), P30 Inc ($665k) and Metropolitan Housing Development Corporation ($665k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 44% of the total. Other salaries and wages came to $136k. At year end it held assets of $1.5m against liabilities of $28k, net assets of $1.4m. It reported 32 employees.