Hancock County Sheltered Workshop Inc

Analysis

Hancock County Sheltered Workshop Inc is a registered charity in United States, based in Weirton, WV. It received its IRS tax-exemption ruling in March 1968, 58 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 2023, Hancock County Sheltered Workshop Inc reported income of $1.9m and spending of $2.0m, spending 105% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $2.8m to $1.9m (-34%), an average of -9.8% a year. The sharpest change came in the year to June 2022, when income dropped by 18%. 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, Hancock County Sheltered Workshop 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 85th percentile within WV. Charities of a similar size with the same main cause include The Arc of Indiana Foundation Inc ($1.9m), Shepherd University Foundation Supporting Organization ($1.9m) and National Institute for Metalworking Skills Inc ($1.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 14% and program service revenue 86% of the total. Other salaries and wages came to $773k. At year end it held assets of $5.2m against liabilities of $688k, net assets of $4.5m.