Commission on Economic Opportunity of Luzerne County

Analysis

Commission on Economic Opportunity of Luzerne County is a registered charity in United States, based in Wilkes Barre, PA. It received its IRS tax-exemption ruling in February 1967, 59 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Commission on Economic Opportunity of Luzerne County reported income of $63.9m and spending of $62.1m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $30.8m to $63.9m (+108%), an average of +20% a year. The sharpest change came in the year to June 2022, when income rose by 40%. Over the whole period it spent 98% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Commission on Economic Opportunity of Luzerne County sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within PA. Charities of a similar size with the same main cause include Century Housing Corporation ($63.7m), Enterprise Community Development Inc ($64.1m) and All Chicago Making Homelessness History ($62.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% and program service revenue 5.3% of the total. Other salaries and wages came to $6.4m. At year end it held assets of $20.7m against liabilities of $5.9m, net assets of $14.8m. It reported 160 employees.