Greenville Area Economic Development Corporation

Analysis

Greenville Area Economic Development Corporation is a registered charity in United States, based in Greenville, PA. It received its IRS tax-exemption ruling in May 1984, 42 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 December 2023, Greenville Area Economic Development Corporation reported income of $60k and spending of $100k, spending 166% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $54k to $60k (+11%), an average of +3.5% a year. The sharpest change came in the year to December 2022, when income rose by 446%. Over the whole period it spent 121% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Greenville Area Economic Development Corporation sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 22nd percentile within PA. Charities of a similar size with the same main cause include Limestone Project Employees Fund Inc ($60k), Friends of Residents in Long Term Care ($60k) and Channel City Club ($60k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 68% and program service revenue 26% of the total. At year end it held assets of $320k against liabilities of $0, net assets of $320k.