Lynchburg Sheltered Industries Inc

Analysis

Lynchburg Sheltered Industries Inc is a registered charity in United States, based in Lynchburg, VA. It received its IRS tax-exemption ruling in March 1965, 61 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, Lynchburg Sheltered Industries Inc reported income of $1.8m and spending of $1.5m, spending 82% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.6m to $1.8m (+14%), an average of +3.3% a year. The sharpest change came in the year to June 2024, when income rose by 33%. Over the whole period it spent 88% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Lynchburg Sheltered Industries Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within VA. Charities of a similar size with the same main cause include My City Rides ($1.8m), Community Connections Real Estate Foundation ($1.8m) and Southern Sector Rising ($1.8m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 2.1% and program service revenue 46% of the total. Compensation of current officers, directors and key employees was $126k (8.5% of expenses). Other salaries and wages came to $695k. At year end it held assets of $2.9m against liabilities of $479k, net assets of $2.4m. It reported 59 employees.