West Reading Community Revitalization Foundation

Analysis

West Reading Community Revitalization Foundation is a registered charity in United States, based in West Reading, PA. It received its IRS tax-exemption ruling in March 2002, 24 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 December 2023, West Reading Community Revitalization Foundation reported income of $324k and spending of $209k, leaving 36% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $294k to $324k (+10%), an average of +2.5% a year. The sharpest change came in the year to December 2023, when income rose by 70%. Over the whole period it spent 79% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, West Reading Community Revitalization Foundation sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 61st percentile within PA. Charities of a similar size with the same main cause include Connectwaukegan NFP ($324k), Greater Lincoln Chamber Foundation ($324k) and Ormond Main Street Inc ($324k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 75% of the total. Other salaries and wages came to $77k. At year end it held assets of $631k against liabilities of $117k, net assets of $514k. It reported 2 employees.