Allegheny Conference on Community Development

Analysis

Allegheny Conference on Community Development is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in November 1948, 78 years ago. 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, Allegheny Conference on Community Development reported income of $12.2m and spending of $12.6m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $10.1m to $12.2m (+21%), an average of +4.8% a year. The sharpest change came in the year to December 2021, when income rose by 91%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Allegheny Conference on Community Development sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within PA. Charities of a similar size with the same main cause include Allen College ($12.2m), National Institute of Minority Economic Development ($12.2m) and Asian American Drug Abuse Program Inc ($12.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 78% and program service revenue 20% of the total. Compensation of current officers, directors and key employees was $1.6m (13% of expenses). Other salaries and wages came to $5.2m. At year end it held assets of $22.2m against liabilities of $4.4m, net assets of $17.8m. It reported 70 employees.