Allegheny West Foundation

Analysis

Allegheny West Foundation is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in July 1974, 52 years ago. 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 2022, Allegheny West Foundation reported income of $1.4m and spending of $982k, leaving 28% of income unspent that year. Across the 5 years on record, from June 2018 to June 2022, income grew from $722k to $1.4m (+88%), an average of +17% a year. The sharpest change came in the year to June 2019, when income rose by 66%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Allegheny West Foundation sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 81st percentile within PA. Charities of a similar size with the same main cause include Antioch Network Inc ($1.4m), Big Brothers Big Sisters of Palm Beach and Martin Counties Inc ($1.4m) and Neskowin Coast Foundation ($1.4m).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 12% and program service revenue 40% of the total. Compensation of current officers, directors and key employees was $122k (12% of expenses). Other salaries and wages came to $190k. At year end it held assets of $2.9m against liabilities of $1.8m, net assets of $1.2m. It reported 12 employees.