Mercer County Opportunity Industries Inc

Analysis

Mercer County Opportunity Industries Inc is a registered charity in United States, based in Princeton, WV. It received its IRS tax-exemption ruling in March 1967, 59 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, Mercer County Opportunity Industries Inc reported income of $806k and spending of $782k, spending 97% of its income. Across the 5 years on record, from June 2020 to June 2024, income fell from $1.1m to $806k (-26%), an average of -7.1% a year. The sharpest change came in the year to June 2021, when income dropped by 16%. Over the whole period it spent 94% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Mercer County Opportunity Industries Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 75th percentile within WV. Charities of a similar size with the same main cause include Community Inclusion & Development Alliance Inc ($806k), Goodwill Works Foundation Inc ($806k) and Catalyst Community Capital Inc ($806k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 0.0% and program service revenue 57% of the total. Other salaries and wages came to $534k. At year end it held assets of $655k against liabilities of $16k, net assets of $639k. It reported 35 employees.