Johnstown Area Regional Industries Inc

Analysis

Johnstown Area Regional Industries Inc is a registered charity in United States, based in Johnstown, PA. It received its IRS tax-exemption ruling in September 2011, 15 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, Johnstown Area Regional Industries Inc reported income of $1.8m and spending of $1.7m, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.5m to $1.8m (+23%), an average of +5.2% a year. The sharpest change came in the year to December 2023, when income rose by 17%. 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, Johnstown Area Regional Industries Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 84th percentile within PA. Charities of a similar size with the same main cause include Kathleen Anderson Comprehensive Work Center Inc ($1.8m), Long Island High Technology Incubator Inc ($1.8m) and Urban Renewal Corp ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 78% and program service revenue 18% of the total. Compensation of current officers, directors and key employees was $356k (21% of expenses). Other salaries and wages came to $364k. At year end it held assets of $2.8m against liabilities of $1.4m, net assets of $1.3m. It reported 13 employees.