Dauphin County Economic Development Corporation

Analysis

Dauphin County Economic Development Corporation is a registered charity in United States, based in Harrisburg, PA. It received its IRS tax-exemption ruling in August 1998, 28 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, Dauphin County Economic Development Corporation reported income of $7.6m and spending of $7.1m, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.9m to $7.6m (+28%), an average of +6.4% a year. The sharpest change came in the year to December 2020, when income rose by 264%. Over the whole period it spent 93% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Dauphin County Economic Development Corporation sits at the 95th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 92nd percentile within PA. Charities of a similar size with the same main cause include Information Technology Andinnovation Foundation ($7.6m), Workshops for Warriors Inc ($7.6m) and Ridc LTC 48 ($7.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% and program service revenue 3.1% of the total. At year end it held assets of $9.8m against liabilities of $3.8m, net assets of $6.0m.