Ideal Industries Inc

Analysis

Ideal Industries Inc is a registered charity in United States, based in Richmond, MO. It received its IRS tax-exemption ruling in February 1980, 46 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 December 2023, Ideal Industries Inc reported income of $1.5m and spending of $1.4m, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.0m to $1.5m (+47%), an average of +10% a year. The sharpest change came in the year to December 2023, when income rose by 46%. Over the whole period it spent 89% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Ideal Industries Inc sits at the 82nd percentile: it is larger than about 82% 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 Anacostia Business Improvement District Corporation ($1.5m), Governor Bob Orr Indiana Entrepreneurial Fellowship ($1.5m) and TPC Social Ventures Inc ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 51% and program service revenue 48% of the total. Other salaries and wages came to $787k. At year end it held assets of $754k against liabilities of $47k, net assets of $708k. It reported 96 employees.