Pottstown Area Industrial Development Inc

Analysis

Pottstown Area Industrial Development Inc is a registered charity in United States, based in Pottstown, PA. It received its IRS tax-exemption ruling in June 1982, 44 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, Pottstown Area Industrial Development Inc reported income of $557k and spending of $525k, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $279k to $557k (+99%), an average of +19% a year. The sharpest change came in the year to December 2023, when income rose by 71%. Over the whole period it spent 104% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Pottstown Area Industrial Development Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 70th percentile within PA. Charities of a similar size with the same main cause include Jordan Valley Day Care & Training Center ($556k), Lake City Collective ($557k) and Eastern Workforce Opportunity Regional Center & Services Inc ($555k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 2.0% of the total. Compensation of current officers, directors and key employees was $127k (24% of expenses). At year end it held assets of $119k against liabilities of $26k, net assets of $93k. It reported 3 employees.