Industrial Opportunities

Analysis

Industrial Opportunities is a registered charity in United States, based in Andrews, NC. It received its IRS tax-exemption ruling in February 1977, 49 years ago. 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, Industrial Opportunities reported income of $4.5m and spending of $3.5m, leaving 22% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $3.6m to $4.5m (+26%), an average of +6.0% a year. The sharpest change came in the year to June 2024, when income rose by 48%. Over the whole period it spent 82% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Industrial Opportunities sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within NC. Charities of a similar size with the same main cause include Maine Pretrial Services Inc ($4.5m), Cfes Brilliant Pathways Inc ($4.5m) and Friends School of Atlanta Inc ($4.5m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 2.5% and program service revenue 36% of the total. Other salaries and wages came to $1.9m. At year end it held assets of $7.0m against liabilities of $1.2m, net assets of $5.8m. It reported 167 employees.