Chester County Economic Development Foundation

Analysis

Chester County Economic Development Foundation is a registered charity in United States, based in Exton, PA. It received its IRS tax-exemption ruling in January 2000, 26 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 2024, Chester County Economic Development Foundation reported income of $3.8m and spending of $3.8m, spending 101% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $2.2m to $3.8m (+72%), an average of +14% a year. The sharpest change came in the year to June 2024, when income rose by 64%. Over the whole period it spent 102% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Chester County Economic Development Foundation sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 89th percentile within PA. Charities of a similar size with the same main cause include Pantheon Industries Inc ($3.8m), New Horizons Supported Services Inc ($3.8m) and Truth Spring Incorporated ($3.8m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 94% and program service revenue 5.4% of the total. At year end it held assets of $3.3m against liabilities of $1.5m, net assets of $1.7m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.