Johnston County Industries Inc

Analysis

Johnston County Industries Inc is a registered charity in United States, based in Selma, NC. It received its IRS tax-exemption ruling in June 1976, 50 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, Johnston County Industries Inc reported income of $8.0m and spending of $7.9m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $7.5m to $8.0m (+7.3%), an average of +1.8% a year. 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, Johnston County Industries Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within NC. Charities of a similar size with the same main cause include Baltimore Corps Inc ($8.0m), Grand Avenue Economic Community Development Corp ($8.1m) and Delancy Street California ($8.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 5.8% and program service revenue 72% of the total. Compensation of current officers, directors and key employees was $364k (4.6% of expenses). Other salaries and wages came to $4.6m. At year end it held assets of $7.4m against liabilities of $1.1m, net assets of $6.3m. It reported 348 employees.