Northwestern Pennsylvania Industrial Resource Center Inc

Analysis

Northwestern Pennsylvania Industrial Resource Center Inc is a registered charity in United States, based in Erie, PA. It received its IRS tax-exemption ruling in July 1989, 37 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 June 2024, Northwestern Pennsylvania Industrial Resource Center Inc reported income of $2.4m and spending of $2.5m, spending 102% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $1.9m to $2.4m (+27%), an average of +4.8% a year. The sharpest change came in the year to June 2020, when income rose by 18%. 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, Northwestern Pennsylvania Industrial Resource Center Inc sits at the 87th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 86th percentile within PA. Charities of a similar size with the same main cause include Vallonia Industries ($2.4m), North Texas Electrical Joint Apprenticeship and Training TR Fun ($2.4m) and Faith in Florida Inc ($2.4m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 69% and program service revenue 26% of the total. Compensation of current officers, directors and key employees was $481k (20% of expenses). Other salaries and wages came to $748k. At year end it held assets of $3.7m against liabilities of $312k, net assets of $3.4m. It reported 14 employees.