Sheltered Workshop of Nicholas County Inc

Analysis

Sheltered Workshop of Nicholas County Inc is a registered charity in United States, based in Craigsville, WV. It received its IRS tax-exemption ruling in May 1980, 46 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, Sheltered Workshop of Nicholas County Inc reported income of $794k and spending of $779k, spending 98% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $736k to $794k (+7.9%), an average of +1.9% a year. The sharpest change came in the year to June 2022, when income rose by 20%. Over the whole period it spent 93% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Sheltered Workshop of Nicholas County 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 74th percentile within WV. Charities of a similar size with the same main cause include Helzberg Entrepreneurial Mentoring Program ($793k), William J & Barbara a Schmidt Family Foundation Inc ($794k) and Roxborough Development Corporation ($793k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 7.6% and program service revenue 56% of the total. Compensation of current officers, directors and key employees was $57k (7.3% of expenses). Other salaries and wages came to $487k. At year end it held assets of $1.4m against liabilities of $8,969, net assets of $1.4m. It reported 53 employees.