Northeastern Pennsylvania Industrial Resource Center Inc

Analysis

Northeastern Pennsylvania Industrial Resource Center Inc is a registered charity in United States, based in Hanover TWP, PA. It received its IRS tax-exemption ruling in January 1989, 37 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 June 2023, Northeastern Pennsylvania Industrial Resource Center Inc reported income of $2.3m and spending of $2.8m, spending 122% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.2m to $2.3m (+5.6%), an average of +1.4% a year. The sharpest change came in the year to June 2022, when income rose by 40%. Over the whole period it spent 103% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Northeastern Pennsylvania Industrial Resource Center Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 86th percentile within PA. Charities of a similar size with the same main cause include Maryland Works Inc ($2.3m), In His Image ($2.3m) and Show Inc ($2.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 58% and program service revenue 33% of the total. Compensation of current officers, directors and key employees was $208k (7.5% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $7.0m against liabilities of $337k, net assets of $6.7m. It reported 19 employees.