Allegheny Clarion Valley Development Corporation

Analysis

Allegheny Clarion Valley Development Corporation is a registered charity in United States, based in Foxburg, PA. It received its IRS tax-exemption ruling in December 1991, 35 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 September 2023, Allegheny Clarion Valley Development Corporation reported income of $184k and spending of $248k, spending 135% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $90k to $184k (+105%), an average of +20% a year. The sharpest change came in the year to September 2020, when income dropped by 578%. Over the whole period it spent 2450% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Allegheny Clarion Valley Development Corporation sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 50th percentile within PA. Charities of a similar size with the same main cause include Four Scythes Haunted Attraction Inc ($184k), Cooperationworks ($184k) and Community Farm ($184k).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 36% of the total. At year end it held assets of $2.0m against liabilities of $0, net assets of $2.0m.

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.