Scranton Lackawanna Resources Development Corporation

Analysis

Scranton Lackawanna Resources Development Corporation is a registered charity in United States, based in Scranton, PA. It received its IRS tax-exemption ruling in October 2017, 9 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2024, Scranton Lackawanna Resources Development Corporation reported income of $801k and spending of $4,292, leaving 99% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income grew from $11k to $801k (+7107%), an average of +135% a year. The sharpest change came in the year to June 2024, when income rose by 1453%. Over the whole period it spent 3.3% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Scranton Lackawanna Resources Development Corporation sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 75th percentile within PA. Charities of a similar size with the same main cause include Spectrum Living Solutions Inc ($801k), Bronx Jewish Community Council Inc ($801k) and Madison County Sheltered Workshop ($801k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 95% of the total. At year end it held assets of $1.8m against liabilities of $75k, net assets of $1.7m.