Economic Growth Connection of Westmoreland

Analysis

Economic Growth Connection of Westmoreland is a registered charity in United States, based in Greensburg, PA. It received its IRS tax-exemption ruling in September 1989, 37 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, Economic Growth Connection of Westmoreland reported income of $283k and spending of $1.3m, spending 459% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.4m to $283k (-80%), an average of -33% a year. The sharpest change came in the year to December 2020, when income rose by 293%. Over the whole period it spent 46% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Economic Growth Connection of Westmoreland sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 58th percentile within PA. Charities of a similar size with the same main cause include Downtown Neighborhood Association of Elgin ($283k), Springfield Avenue Partnership a New Jersey Non-Profit Corporation ($283k) and A&b It S All Good Inc ($283k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 69% and program service revenue 83% of the total. Compensation of current officers, directors and key employees was $225k (17% of expenses). Other salaries and wages came to $285k. At year end it held assets of $20.3m against liabilities of $4.6m, net assets of $15.7m. It reported 7 employees.