Erie Times Needy Fund of the Times Publishing Company

Analysis

Erie Times Needy Fund of the Times Publishing Company is a registered charity in United States, based in Erie, PA. It received its IRS tax-exemption ruling in May 1965, 61 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 December 2023, Erie Times Needy Fund of the Times Publishing Company reported income of $74k and spending of $43k, leaving 42% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $49k to $74k (+52%), an average of +23% a year. The sharpest change came in the year to December 2023, when income rose by 35%. 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, Erie Times Needy Fund of the Times Publishing Company sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 27th percentile within PA. Charities of a similar size with the same main cause include PTA California Congress of Parents Teachers & Students Inc ($74k), California Federation of Womens Clubs ($74k) and Moorestown Free Library Association ($74k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $105k against liabilities of $0, net assets of $105k.