Elizabeth Area Development Corporation

Analysis

Elizabeth Area Development Corporation is a registered charity in United States, based in Elizabeth, PA. It received its IRS tax-exemption ruling in May 2014, 12 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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 2022, Elizabeth Area Development Corporation reported income of $83k and spending of $57k, leaving 31% of income unspent that year. Across the 2 years on record, from December 2020 to December 2022, income fell from $340k to $83k (-75%), an average of -76% a year. The sharpest change came in the year to December 2022, when income dropped by 75%. Over the whole period it spent 27% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Elizabeth Area Development Corporation sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 30th percentile within PA. Charities of a similar size with the same main cause include Lyon Village Community House Association ($83k), PTA California Congress of Parents Teachers & Students Inc ($83k) and Mercer County Golden Eagles Booster Club ($83k).

On its Form 990-EZ for the period ending December 2022, revenue came from contributions and grants 89% of the total. At year end it held assets of $339k against liabilities of $0, net assets of $339k.