Henry County Industries Inc

Analysis

Henry County Industries Inc is a registered charity in United States, based in Clinton, MO. It received its IRS tax-exemption ruling in July 1999, 27 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, Henry County Industries Inc reported income of $180k and spending of $192k, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $166k to $180k (+8.4%), an average of +2.0% a year. The sharpest change came in the year to December 2021, when income rose by 38%. Over the whole period it spent 102% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Henry County Industries Inc sits at the 49th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 48th percentile within MO. Charities of a similar size with the same main cause include Town of Bristol Improvements Board ($180k), Creative Placemaking Communities ($180k) and Unidos Inc ($180k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $33k (17% of expenses). Other salaries and wages came to $62k. At year end it held assets of $549k against liabilities of $223, net assets of $549k. It reported 28 employees.