Millvale Borough Development Corporation

Analysis

Millvale Borough Development Corporation is a registered charity in United States, based in Millvale, PA. It received its IRS tax-exemption ruling in October 1999, 27 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 2022, Millvale Borough Development Corporation reported income of $424k and spending of $364k, spending 86% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $39k to $424k (+982%), an average of +121% a year. The sharpest change came in the year to December 2020, when income rose by 290%. Over the whole period it spent 99% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Millvale Borough Development Corporation sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 66th percentile within PA. Charities of a similar size with the same main cause include Clarksville Ruritans Inc ($424k), City of Good ($424k) and Colorado Jobs with Justice Inc ($424k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 81% of the total. At year end it held assets of $923k against liabilities of $242k, net assets of $681k.