Shasta County Private Industry

Analysis

Shasta County Private Industry is a registered charity in United States, based in Redding, CA. It received its IRS tax-exemption ruling in May 1982, 44 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, Shasta County Private Industry reported income of $4.0m and spending of $4.0m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.1m to $4.0m (+30%), an average of +6.9% a year. The sharpest change came in the year to June 2021, when income rose by 47%. Over the whole period it spent 99% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Shasta County Private Industry sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within CA. Charities of a similar size with the same main cause include Community Alliance of the Far Eastside Inc ($4.0m), Canopy Nwa ($4.0m) and Community Development Technologies Center ($4.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $321k (8.0% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $3.5m against liabilities of $2.0m, net assets of $1.5m. It reported 40 employees.