Partnership for Economic Development of York County Inc

Analysis

Partnership for Economic Development of York County Inc is a registered charity in United States, based in York, PA. It received its IRS tax-exemption ruling in November 1996, 30 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Partnership for Economic Development of York County Inc reported income of $853k and spending of $1.0m, spending 118% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $232k to $853k (+268%), an average of +38% a year. The sharpest change came in the year to December 2022, when income rose by 1217%. Over the whole period it spent 94% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Partnership for Economic Development of York County Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 76th percentile within PA. Charities of a similar size with the same main cause include Baltimore Arts Realty Corporation ($853k), The Brevard Neighborhood Development Coalition Inc ($854k) and Zuni Entrepreneurial Enterprises Inc ($853k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $3.0m against liabilities of $2.2m, net assets of $811k.