Institute for Economic Development Inc

Analysis

Institute for Economic Development Inc is a registered charity in United States, based in Chester, PA. It received its IRS tax-exemption ruling in May 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 (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, Institute for Economic Development Inc reported income of $889k and spending of $1.2m, spending 138% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $305k to $889k (+192%), an average of +31% a year. The sharpest change came in the year to June 2020, when income rose by 116%. Over the whole period it spent 71% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Institute for Economic Development Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 76th percentile within PA. Charities of a similar size with the same main cause include Private Industry Council of Centre County Inc ($889k), Baltimore Homecoming Inc ($889k) and Healing to Action NFP ($889k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 85% and program service revenue 12% of the total. At year end it held assets of $1.6m against liabilities of $406k, net assets of $1.2m.