Lee County Industries Inc

Analysis

Lee County Industries Inc is a registered charity in United States, based in Sanford, NC. It received its IRS tax-exemption ruling in September 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Lee County Industries Inc reported income of $1.1m and spending of $1.0m, spending 94% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.1m to $1.1m (+0.1%), an average of +0.0% a year. The sharpest change came in the year to June 2023, when income rose by 18%. Over the whole period it spent 96% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Lee County Industries Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 81st percentile within NC. Charities of a similar size with the same main cause include Madison Rotary Foundation ($1.1m), Plumbers & Steamfitters Local Union 112 Educ & Appren Fund ($1.1m) and Florida Institute for Workforce Innovation ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.1% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $114k (11% of expenses). Other salaries and wages came to $608k. At year end it held assets of $1.5m against liabilities of $54k, net assets of $1.4m. It reported 39 employees.