Clarion County Economic Development Corporation

Analysis

Clarion County Economic Development Corporation is a registered charity in United States, based in Clarion, PA. It received its IRS tax-exemption ruling in May 1993, 33 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, Clarion County Economic Development Corporation reported income of $658k and spending of $531k, spending 81% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $94k to $658k (+597%), an average of +62% a year. The sharpest change came in the year to December 2022, when income rose by 274%. Over the whole period it spent 121% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Clarion County Economic Development Corporation sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 72nd percentile within PA. Charities of a similar size with the same main cause include Downtown Amherst Foundation ($658k), Living Streets Alliance ($659k) and Louisville Regional Airlift Development Inc ($658k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 2.5% of the total. Other salaries and wages came to $86k. At year end it held assets of $2.0m against liabilities of $364k, net assets of $1.7m. It reported 4 employees.