Laclede Industries

Analysis

Laclede Industries is a registered charity in United States, based in Lebanon, MO. It received its IRS tax-exemption ruling in January 1975, 51 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, Laclede Industries reported income of $1.6m and spending of $1.2m, leaving 26% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.2m to $1.6m (+30%), an average of +6.8% a year. Over the whole period it spent 76% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Laclede Industries sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 82nd percentile within MO. Charities of a similar size with the same main cause include Greater Winston-Salem Development Corp ($1.6m), Center at Sixth ($1.6m) and West Central Texas Workforce Development Board Inc ($1.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 45% and program service revenue 50% of the total. Other salaries and wages came to $759k. At year end it held assets of $4.3m against liabilities of $21k, net assets of $4.2m. It reported 68 employees.