Private Industry Council of Lehigh Valley Inc

Analysis

Private Industry Council of Lehigh Valley Inc is a registered charity in United States, based in Easton, PA. It received its IRS tax-exemption ruling in August 1985, 41 years ago. Its declared purposes cover employment, 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, Private Industry Council of Lehigh Valley Inc reported income of $580k and spending of $518k, spending 89% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $478k to $580k (+21%), an average of +4.0% a year. The sharpest change came in the year to June 2022, when income rose by 22%. Over the whole period it spent 90% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Private Industry Council of Lehigh Valley 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 Connors Development Foundation Inc ($580k), Mackinac Associates ($580k) and Yee Haolnii Doo ($580k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 1.3% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $69k (13% of expenses). Other salaries and wages came to $284k. At year end it held assets of $717k against liabilities of $33k, net assets of $684k. It reported 10 employees.