Armstrong County Industrial Development Council

Analysis

Armstrong County Industrial Development Council is a registered charity in United States, based in Kittanning, PA. It received its IRS tax-exemption ruling in March 1970, 56 years ago. 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 2024, Armstrong County Industrial Development Council reported income of $1.9m and spending of $608k, leaving 68% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income grew from $561k to $1.9m (+238%), an average of +28% a year. The sharpest change came in the year to June 2023, when income rose by 218%. Over the whole period it spent 60% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Armstrong County Industrial Development Council 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 Athens-Mcminn Family Young Mens Christian Association ($1.9m), Self Regional Healthcare Foundation ($1.9m) and Selbyville Public Library ($1.9m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 46% of the total. At year end it held assets of $5.2m against liabilities of $725k, net assets of $4.5m.