Private Industry Council of Westmoreland Fayette Inc

Analysis

Private Industry Council of Westmoreland Fayette Inc is a registered charity in United States, based in Greensburg, PA. It received its IRS tax-exemption ruling in November 1984, 42 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 2022, Private Industry Council of Westmoreland Fayette Inc reported income of $24.7m and spending of $24.9m, spending 101% of its income. Across the 4 years on record, from June 2019 to June 2022, income grew from $23.6m to $24.7m (+4.4%), an average of +1.5% a year. Over the whole period it spent 100% 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 Westmoreland Fayette Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within PA. Charities of a similar size with the same main cause include Woodlands Religious Community Inc ($24.7m), The Fedcap Group Inc ($24.7m) and Operating Engineers and Participating Employers Pre-Appren ($24.6m).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 99% and program service revenue 0.3% of the total. Other salaries and wages came to $12.3m. At year end it held assets of $7.6m against liabilities of $5.2m, net assets of $2.5m. It reported 564 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.