Pennsylvania Downtown Center Inc

Analysis

Pennsylvania Downtown Center Inc is a registered charity in United States, based in Harrisburg, PA. It received its IRS tax-exemption ruling in May 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, Pennsylvania Downtown Center Inc reported income of $1.1m and spending of $1.2m, spending 109% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $660k to $1.1m (+65%), an average of +18% a year. The sharpest change came in the year to June 2022, when income rose by 44%. 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, Pennsylvania Downtown Center Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 78th percentile within PA. Charities of a similar size with the same main cause include Plumbers & Steamfitters Local Union 112 Educ & Appren Fund ($1.1m), Beargrass Conservancy Inc ($1.1m) and Lee County Industries Inc ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 82% and program service revenue 17% of the total. Compensation of current officers, directors and key employees was $95k (8.0% of expenses). Other salaries and wages came to $340k. At year end it held assets of $616k against liabilities of $323k, net assets of $293k. It reported 12 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.