Allegheny River Development Corporation

Analysis

Allegheny River Development Corporation is a registered charity in United States, based in Natrona HTS, PA. It received its IRS tax-exemption ruling in July 2013, 13 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 December 2023, Allegheny River Development Corporation reported income of $183k and spending of $196k, spending 107% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $150k to $183k (+22%), an average of +22% a year. The sharpest change came in the year to December 2023, when income rose by 22%. Over the whole period it spent 95% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Allegheny River 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 49th percentile within PA. Charities of a similar size with the same main cause include International Conductors Guild Inc ($183k), Roofers Local Union 241 Joint Apprenticeship Trust Fund ($183k) and New Entrepreneurs Opportunity Fund ($183k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 77% and program service revenue 2.9% of the total. At year end it held assets of $89k against liabilities of $0, net assets of $89k.