Latrobe Community Revitalizationprogram Inc

Analysis

Latrobe Community Revitalizationprogram Inc is a registered charity in United States, based in Latrobe, PA. It received its IRS tax-exemption ruling in June 2007, 19 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, Latrobe Community Revitalizationprogram Inc reported income of $890k and spending of $376k, leaving 58% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $218k to $890k (+307%), an average of +42% a year. The sharpest change came in the year to December 2023, when income rose by 219%. Over the whole period it spent 68% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Latrobe Community Revitalizationprogram Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 76th percentile within PA. Charities of a similar size with the same main cause include Baltimore Homecoming Inc ($889k), Cardus Inc ($890k) and Institute for Economic Development Inc ($889k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 1.8% of the total. Other salaries and wages came to $95k. At year end it held assets of $741k against liabilities of $2,066, net assets of $739k. It reported 2 employees.