Shen-Paco Industries Inc

Analysis

Shen-Paco Industries Inc is a registered charity in United States, based in Quicksburg, VA. It received its IRS tax-exemption ruling in December 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 2024, Shen-Paco Industries Inc reported income of $3.0m and spending of $3.2m, spending 106% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $2.1m to $3.0m (+45%), an average of +9.7% a year. The sharpest change came in the year to June 2022, when income rose by 53%. Over the whole period it spent 100% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Shen-Paco Industries Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within VA. Charities of a similar size with the same main cause include Impact Online Inc ($3.0m), Tennessees Community Assistance Corporation ($3.0m) and Hickory Ridge Mall CD Corporation ($3.0m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 3.6% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $73k (2.3% of expenses). Other salaries and wages came to $1.9m. At year end it held assets of $3.1m against liabilities of $667k, net assets of $2.4m. It reported 94 employees.