York Area Development Corporation

Analysis

York Area Development Corporation is a registered charity in United States, based in York, PA. It received its IRS tax-exemption ruling in September 2008, 18 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, York Area Development Corporation reported income of $1.6m and spending of $1.8m, spending 112% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $844k to $1.6m (+94%), an average of +18% a year. The sharpest change came in the year to June 2020, when income rose by 54%. Over the whole period it spent 97% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, York Area Development Corporation sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 83rd percentile within PA. Charities of a similar size with the same main cause include Shorefront Towers Housing Development Fund Corporation ($1.6m), Friendship House Inc ($1.6m) and Wny Mennonite Retirement Community Inc ($1.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 49% and program service revenue 57% of the total. Compensation of current officers, directors and key employees was $97k (5.3% of expenses). Other salaries and wages came to $311k. At year end it held assets of $2.9m against liabilities of $3.6m, net assets of -$738k. It reported 5 employees.