Beaver Falls Community Development Corporation

Analysis

Beaver Falls Community Development Corporation is a registered charity in United States, based in Beaver Falls, PA. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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 2024, Beaver Falls Community Development Corporation reported income of $636k and spending of $274k, leaving 57% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $316k to $636k (+101%), an average of +19% a year. The sharpest change came in the year to June 2024, when income rose by 90%. Over the whole period it spent 76% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Beaver Falls Community Development Corporation sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 72nd percentile within PA. Charities of a similar size with the same main cause include Waco Historical Society Inc ($635k), LA Crosse Symphony Orchestra ($636k) and National Balloon Classic Ltd ($635k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $65k. At year end it held assets of $476k against liabilities of $0, net assets of $476k. It reported 4 employees.