Girard Area Industrial Development Corporation

Analysis

Girard Area Industrial Development Corporation is a registered charity in United States, based in Girard, PA. It received its IRS tax-exemption ruling in March 1975, 51 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, Girard Area Industrial Development Corporation reported income of $349k and spending of $406k, spending 116% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $322k to $349k (+8.5%), an average of +2.7% a year. The sharpest change came in the year to December 2022, when income rose by 40%. Over the whole period it spent 106% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Girard Area Industrial Development Corporation sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 62nd percentile within PA. Charities of a similar size with the same main cause include Tri-Isle Personal Care Inc ($349k), Heartfelt Tidbits Inc ($349k) and Urban Community Outreachincorporated ($349k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 9.7% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $73k (18% of expenses). Other salaries and wages came to $85k. At year end it held assets of $868k against liabilities of $40k, net assets of $828k. It reported 9 employees.