Altoona-Blair County Development Corporation

Analysis

Altoona-Blair County Development Corporation is a registered charity in United States, based in Altoona, PA. It received its IRS tax-exemption ruling in October 1999, 27 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, Altoona-Blair County Development Corporation reported income of $5.5m and spending of $5.3m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $7.6m to $5.5m (-28%), an average of -7.8% a year. The sharpest change came in the year to December 2022, when income rose by 472%. Over the whole period it spent 68% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Altoona-Blair County Development Corporation sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 91st percentile within PA. Charities of a similar size with the same main cause include Vocational Guidance Services ($5.5m), Metrotech Area District Management Association Inc ($5.5m) and Ica Fund ($5.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 24% of the total. Other salaries and wages came to $841k. At year end it held assets of $122.1m against liabilities of $88.1m, net assets of $34.0m. It reported 7 employees.