Marion County Industrial Foundation Inc

Analysis

Marion County Industrial Foundation Inc is a registered charity in United States, based in Lebanon, KY. It received its IRS tax-exemption ruling in August 1996, 30 years ago. Its declared purposes cover community improvement and capacity building, 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 December 2023, Marion County Industrial Foundation Inc reported income of $716k and spending of $719k, spending 100% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $382k to $716k (+87%), an average of +23% a year. The sharpest change came in the year to December 2022, when income rose by 206%. Over the whole period it spent 77% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Marion County Industrial Foundation Inc sits at the 73rd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 76th percentile within KY. Charities of a similar size with the same main cause include Kids Making It Inc ($716k), Sova Innovation Hub Corporation ($716k) and Haven for Affordable Housing Inc ($715k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 36% of the total. Compensation of current officers, directors and key employees was $112k (16% of expenses). Other salaries and wages came to $57k. At year end it held assets of $8.3m against liabilities of $1.3m, net assets of $7.0m. It reported 2 employees.