Industrial Developments Incorporated

Analysis

Industrial Developments Incorporated is a registered charity in United States, based in Grand JCT, CO. It received its IRS tax-exemption ruling in April 2009, 17 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 May 2023, Industrial Developments Incorporated reported income of $156k and spending of $50k, leaving 68% of income unspent that year. Across the 5 years on record, from May 2019 to May 2023, income grew from $2,403 to $156k (+6402%), an average of +184% a year. The sharpest change came in the year to May 2021, when income rose by 754%. Over the whole period it spent 83% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Industrial Developments Incorporated sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 45th percentile within CO. Charities of a similar size with the same main cause include North Central Enterprise Inc ($156k), Hoover Helps ($156k) and Womans Club of El Paso Texas ($156k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $1.7m against liabilities of $0, net assets of $1.7m.