East Liberty Development Incorporated

Analysis

East Liberty Development Incorporated is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in June 1982, 44 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, East Liberty Development Incorporated reported income of $1.1m and spending of $1.8m, spending 155% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.5m to $1.1m (-55%), an average of -18% a year. The sharpest change came in the year to December 2021, when income dropped by 65%. 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, East Liberty Development Incorporated sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 79th percentile within PA. Charities of a similar size with the same main cause include Beloved Community Incubator Inc ($1.1m), Allied Trades Assistance Program ($1.1m) and Community Cycles ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 55% and program service revenue 4.6% of the total. Compensation of current officers, directors and key employees was $358k (20% of expenses). Other salaries and wages came to $307k. At year end it held assets of $14.0m against liabilities of $10.8m, net assets of $3.2m. It reported 7 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.