Carlisle Area Development Corporation Inc

Analysis

Carlisle Area Development Corporation Inc is a registered charity in United States, based in Carlisle, PA. It received its IRS tax-exemption ruling in October 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 June 2024, Carlisle Area Development Corporation Inc reported income of $308k and spending of $231k, leaving 25% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $122k to $308k (+152%), an average of +26% a year. The sharpest change came in the year to June 2023, when income rose by 249%. Over the whole period it spent 92% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Carlisle Area Development Corporation Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 60th percentile within PA. Charities of a similar size with the same main cause include Central Vermont Memorial Civic Center Inc ($308k), Alaska Charr Educational Fund Inc ($308k) and Design Platform ($308k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 35% and program service revenue 58% of the total. Other salaries and wages came to $51k. At year end it held assets of $666k against liabilities of $25k, net assets of $641k.