Polk County Sheltered Workshop Inc

Analysis

Polk County Sheltered Workshop Inc is a registered charity in United States, based in Columbus, NC. It received its IRS tax-exemption ruling in September 1970, 56 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, Polk County Sheltered Workshop Inc reported income of $3.3m and spending of $3.0m, spending 91% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.9m to $3.3m (+13%), an average of +3.2% a year. The sharpest change came in the year to June 2021, when income rose by 31%. 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, Polk County Sheltered Workshop Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within NC. Charities of a similar size with the same main cause include Center for Rapid Recovery Inc ($3.3m), Dreamcatchers Empowerment Network ($3.3m) and Akron Community Development Association Inc ($3.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.3% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $188k (6.3% of expenses). Other salaries and wages came to $2.0m. At year end it held assets of $3.0m against liabilities of $154k, net assets of $2.8m. It reported 89 employees.