Keystone Development Center Inc

Analysis

Keystone Development Center Inc is a registered charity in United States, based in Harrisburg, PA. It received its IRS tax-exemption ruling in July 2019, 7 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, Keystone Development Center Inc reported income of $408k and spending of $444k, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $245k to $408k (+67%), an average of +14% a year. The sharpest change came in the year to December 2020, when income rose by 83%. Over the whole period it spent 95% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Keystone Development Center Inc 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 67th percentile, and in the 65th percentile within PA. Charities of a similar size with the same main cause include Blindsight Delaware Enterprises Inc ($408k), Brighter Boston Inc ($408k) and Hampton Roads Electrical J a T C ($408k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% and program service revenue 9.7% of the total. Compensation of current officers, directors and key employees was $5,808 (1.3% of expenses). Other salaries and wages came to $267k. At year end it held assets of $332k against liabilities of $48k, net assets of $284k. It reported 5 employees.