Pottsville Area Development Corp

Analysis

Pottsville Area Development Corp is a registered charity in United States, based in Pottsville, PA. It received its IRS tax-exemption ruling in June 1987, 39 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, Pottsville Area Development Corp reported income of $237k and spending of $275k, spending 116% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $145k to $237k (+63%), an average of +13% a year. The sharpest change came in the year to December 2021, when income rose by 35%. Over the whole period it spent 102% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Pottsville Area Development Corp sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 55th percentile within PA. Charities of a similar size with the same main cause include Ocracoke Foundation Inc ($237k), Michigan Association of Centers for Independent Living ($237k) and Maxwell-Gunter Spouses Club Charitable Association ($237k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 8.2% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $70k (25% of expenses). Other salaries and wages came to $25k. At year end it held assets of $2.7m against liabilities of $231k, net assets of $2.5m. It reported 7 employees.