The Mon Valley Initiative

Analysis

The Mon Valley Initiative is a registered charity in United States, based in Homestead, PA. It received its IRS tax-exemption ruling in September 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 December 2023, The Mon Valley Initiative reported income of $15.0m and spending of $5.7m, leaving 62% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.1m to $15.0m (+389%), an average of +49% a year. The sharpest change came in the year to December 2023, when income rose by 148%. Over the whole period it spent 64% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, The Mon Valley Initiative sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within PA. Charities of a similar size with the same main cause include Greenlight Fund Inc ($14.9m), Independent Drivers Guild Inc ($15.0m) and Lakeside Association ($14.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 77% and program service revenue 19% of the total. Compensation of current officers, directors and key employees was $196k (3.5% of expenses). Other salaries and wages came to $998k. At year end it held assets of $22.7m against liabilities of $2.1m, net assets of $20.7m. It reported 30 employees.