Foothills Industries of McDowell County Inc

Analysis

Foothills Industries of McDowell County Inc is a registered charity in United States, based in Marion, NC. It received its IRS tax-exemption ruling in March 1978, 48 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 2024, Foothills Industries of McDowell County Inc reported income of $2.1m and spending of $1.7m, leaving 21% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income grew from $1.4m to $2.1m (+54%), an average of +9.0% a year. The sharpest change came in the year to June 2022, when income rose by 71%. Over the whole period it spent 86% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Foothills Industries of McDowell County Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within NC. Charities of a similar size with the same main cause include Alliance for Manufacturing & Technology of Southern Tier Inc ($2.1m), The Junior League of Fort Worth Inc ($2.2m) and Ridc Mill 19a ($2.1m).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 94% of the total. Compensation of current officers, directors and key employees was $88k (5.2% of expenses). At year end it held assets of $4.4m against liabilities of $310k, net assets of $4.1m. It reported 100 employees.