Warren and Forest Counties Economic Opportunity Council

Analysis

Warren and Forest Counties Economic Opportunity Council is a registered charity in United States, based in Warren, PA. It received its IRS tax-exemption ruling in November 1967, 59 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, Warren and Forest Counties Economic Opportunity Council reported income of $6.7m and spending of $6.1m, spending 91% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $4.9m to $6.7m (+37%), an average of +6.5% a year. The sharpest change came in the year to June 2022, when income rose by 36%. Over the whole period it spent 94% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Warren and Forest Counties Economic Opportunity Council sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 92nd percentile within PA. Charities of a similar size with the same main cause include Fresno Area Hispanic Foundation ($6.7m), Reflections of Trinity Inc ($6.7m) and I2e Inc ($6.7m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 87% and program service revenue 3.7% of the total. Other salaries and wages came to $1.9m. At year end it held assets of $11.0m against liabilities of $1.2m, net assets of $9.8m. It reported 87 employees.