Tricounty Community Network Inc

Analysis

Tricounty Community Network Inc is a registered charity in United States, based in Pottstown, PA. It received its IRS tax-exemption ruling in May 1993, 33 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, Tricounty Community Network Inc reported income of $385k and spending of $684k, spending 178% of what it took in. Across the 4 years on record, from June 2019 to June 2023, income grew from $228k to $385k (+69%), an average of +19% a year. The sharpest change came in the year to June 2021, when income rose by 98%. Over the whole period it spent 105% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Tricounty Community Network Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 64th percentile within PA. Charities of a similar size with the same main cause include V1 Community Impact Inc ($384k), Rockdale Coalition for Children & Families Inc ($385k) and HRDC Griffin Place Holding Corporation ($384k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 74% and program service revenue 26% of the total. Compensation of current officers, directors and key employees was $140k (20% of expenses). Other salaries and wages came to $179k. At year end it held assets of $1.1m against liabilities of $869k, net assets of $262k. It reported 7 employees.