Armstrong County Educational Trust

Analysis

Armstrong County Educational Trust is a registered charity in United States, based in Ford City, PA. It received its IRS tax-exemption ruling in October 1964, 62 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Armstrong County Educational Trust reported income of $323k and spending of $391k, spending 121% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $298k to $323k (+8.2%), an average of +2.0% a year. The sharpest change came in the year to June 2021, when income rose by 54%. Over the whole period it spent 81% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Armstrong County Educational Trust sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 61st percentile within PA. Charities of a similar size with the same main cause include American Institute of Medical Education ($323k), Family Career and Community Leaders of America Inc ($323k) and Council Bluffs RHF Housing Inc ($323k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 72% and program service revenue 8.8% of the total. Compensation of current officers, directors and key employees was $58k (15% of expenses). Other salaries and wages came to $79k. At year end it held assets of $768k against liabilities of $12k, net assets of $756k. It reported 3 employees.