Potter County Educational Council Inc

Analysis

Potter County Educational Council Inc is a registered charity in United States, based in Coudersport, PA. It received its IRS tax-exemption ruling in April 1997, 29 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, Potter County Educational Council Inc reported income of $1.2m and spending of $843k, leaving 27% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income grew from $697k to $1.2m (+66%), an average of +11% a year. The sharpest change came in the year to June 2024, when income rose by 40%. Over the whole period it spent 88% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Potter County Educational Council Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 79th percentile within PA. Charities of a similar size with the same main cause include Plymouth Parc Inc ($1.2m), Shenandoah Community Capital Fund I NC ($1.2m) and City Fields ($1.2m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 74% and program service revenue 25% of the total. Compensation of current officers, directors and key employees was $78k (9.3% of expenses). Other salaries and wages came to $325k. At year end it held assets of $968k against liabilities of $33k, net assets of $935k. It reported 18 employees.