Ben Franklin Technology Partners of Northeastern Pennsylvania Inc

Analysis

Ben Franklin Technology Partners of Northeastern Pennsylvania Inc is a registered charity in United States, based in Bethlehem, PA. It received its IRS tax-exemption ruling in October 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, Ben Franklin Technology Partners of Northeastern Pennsylvania Inc reported income of $9.4m and spending of $10.9m, spending 116% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $9.0m to $9.4m (+5.3%), an average of +1.3% a year. The sharpest change came in the year to June 2021, when income rose by 65%. Over the whole period it spent 91% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Ben Franklin Technology Partners of Northeastern Pennsylvania Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 94th percentile within PA. Charities of a similar size with the same main cause include Career and Recovery Resources Inc ($9.4m), Community Action Inc of Rock and Walworth Counties ($9.5m) and Vocational Visions ($9.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 68% and program service revenue 16% of the total. Compensation of current officers, directors and key employees was $777k (7.1% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $66.1m against liabilities of $5.3m, net assets of $60.8m. It reported 25 employees.