Keystone Development Partnership

Analysis

Keystone Development Partnership is a registered charity in United States, based in Harrisburg, PA. It received its IRS tax-exemption ruling in June 2009, 17 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, Keystone Development Partnership reported income of $714k and spending of $664k, spending 93% of its income. Across the 5 years on record, from June 2020 to June 2024, income fell from $988k to $714k (-28%), an average of -7.8% a year. The sharpest change came in the year to June 2022, when income rose by 67%. Over the whole period it spent 95% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Keystone Development Partnership sits at the 72nd 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 74th percentile within PA. Charities of a similar size with the same main cause include Vital Impacts ($714k), Columbus Economic Development Corporation ($714k) and Preble County Development Partnership ($713k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 71% and program service revenue 29% of the total. Compensation of current officers, directors and key employees was $101k (15% of expenses). Other salaries and wages came to $307k. At year end it held assets of $629k against liabilities of $25k, net assets of $604k. It reported 7 employees.