THE INDUSTRIAL COMMONS
AI Summary
THE INDUSTRIAL COMMONS is a nonprofit focused on urban development, working to create long-term economic and societal benefits in rural western North Carolina and neighboring regions by supporting manufacturing retention and growth, workforce education, and community economic well-being. In 2024, it reported an operating budget of $3.1 million and total revenue of $8.7 million; among its listed funders are The Kendeda Fund ($9.9M, 2023), Dogwood Health Trust ($1.5M, 2024), and The Rockefeller Foundation ($1M, 2018).
Mission Statement
TO CREATE LONG-TERM ECONOMIC AND SOCIETAL BENEFITS IN RURAL WESTERN NORTH CAROLINA AND NEIGHBORING REGIONS BY LESSENING THE BURDENS OF GOVERNMENT AND DEVELOPING PUBLIC ASSETS THAT ENHANCE THE RETENTION AND CREATION OF SMALL TO MID-SIZE MANUFACTURING FIRMS AND MEANINGFUL, GAINFUL EMPLOYMENT; BY PROVIDING ECONOMIC, BUSINESS AND VOCATIONAL EDUCATION SERVICES TO WORKERS AND BUSINESS OWNERS; AND BY SUSTAINABLY ENHANCING THE ECONOMIC WELL-BEING OF ALL MEMBERS OF A COMMUNITY.
Cause Areas
1
Urban development
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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Funder
Total Funding
Funding Share
The Kendeda Fund
Wilmington, DE, US
$9.9M
3%
IMPACTASSETSINC
Bethesda, MD, US
$1.9M
< 1%
DOGWOOD HEALTH TRUST
ASHEVILLE, NC, US
$1.5M
< 1%
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- 40 funders
- 17 board & team members
- 8 historic 990s & financials
- 6-year operating budget trend
Frequently Asked Questions
What is THE INDUSTRIAL COMMONS’s budget?
In 2024, THE INDUSTRIAL COMMONS reported an annual operating budget of around $3.1 million. More detailed financial information is available to registered users.
What causes does THE INDUSTRIAL COMMONS support?
THE INDUSTRIAL COMMONS supports work in Urban development.
Where does THE INDUSTRIAL COMMONS operate?
THE INDUSTRIAL COMMONS is headquartered in Morganton, NC.
Who funded THE INDUSTRIAL COMMONS recently?
In 2025, THE INDUSTRIAL COMMONS received grants from GITLAB FOUNDATION, IMPACTASSETSINC, and Amalgamated Charitable Foundation Inc. More information on this organization’s funders is available to registered users.
What is the largest grant THE INDUSTRIAL COMMONS received in 2024?
The largest grant to THE INDUSTRIAL COMMONS in 2024 exceeds $1 million.
What is THE INDUSTRIAL COMMONS’s reliance on government grants?
THE INDUSTRIAL COMMONS relied on government grants for more than 35% of their total revenue in 2024.