Erie Regional Chamber and Growth Partnership

Analysis

Erie Regional Chamber and Growth Partnership is a registered charity in United States, based in Erie, PA. It received its IRS tax-exemption ruling in June 2003, 23 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, Erie Regional Chamber and Growth Partnership reported income of $1.7m and spending of $2.3m, spending 130% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.6m to $1.7m (-33%), an average of -9.6% a year. The sharpest change came in the year to December 2022, when income dropped by 30%. Over the whole period it spent 98% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Erie Regional Chamber and Growth Partnership sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 83rd percentile within PA. Charities of a similar size with the same main cause include Ameritrust CDC ($1.7m), Smithville Community Inc ($1.7m) and Talitha Koum Institute ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 81% and program service revenue 17% of the total. Compensation of current officers, directors and key employees was $325k (14% of expenses). Other salaries and wages came to $614k. At year end it held assets of $1.3m against liabilities of $929k, net assets of $354k. It reported 12 employees.