Private Industry Council of Centre County Inc

Analysis

Private Industry Council of Centre County Inc is a registered charity in United States, based in State College, PA. It received its IRS tax-exemption ruling in September 1986, 40 years ago. Its declared purposes cover employment, 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 June 2023, Private Industry Council of Centre County Inc reported income of $889k and spending of $894k, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $819k to $889k (+8.5%), an average of +2.1% a year. The sharpest change came in the year to June 2020, when income rose by 96%. Over the whole period it spent 101% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Private Industry Council of Centre County Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 76th percentile within PA. Charities of a similar size with the same main cause include Healing to Action NFP ($889k), Institute for Economic Development Inc ($889k) and Njlica Apprenticeship Education and Training Fund ($888k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 64% and program service revenue 36% of the total. Compensation of current officers, directors and key employees was $72k (8.1% of expenses). Other salaries and wages came to $110k. At year end it held assets of $707k against liabilities of $288k, net assets of $420k. It reported 4 employees.