Allegheny Ridge Corporation

Analysis

Allegheny Ridge Corporation is a registered charity in United States, based in Hollidaysburg, PA. It received its IRS tax-exemption ruling in March 1994, 32 years ago. 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 2023, Allegheny Ridge Corporation reported income of $283k and spending of $307k, spending 108% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $309k to $283k (-8.2%), an average of -2.1% a year. The sharpest change came in the year to June 2022, when income rose by 60%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Allegheny Ridge Corporation sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 59th percentile within PA. Charities of a similar size with the same main cause include Friends of the Childrens Justice Center of East Hawaii Inc ($283k), Belgrade Lakes Association ($283k) and Casa of East Tennessee Inc ($283k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $155k. At year end it held assets of $686k against liabilities of $104k, net assets of $582k. It reported 2 employees.