Berks County Industrial Development Foundation

Analysis

Berks County Industrial Development Foundation is a registered charity in United States, based in Mohnton, PA. It received its IRS tax-exemption ruling in September 2014, 12 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 supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Berks County Industrial Development Foundation reported income of $622k and spending of $42k, leaving 93% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $527k to $622k (+18%), an average of +4.2% a year. The sharpest change came in the year to December 2021, when income rose by 204%. Over the whole period it spent 4.9% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Berks County Industrial Development Foundation sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 72nd percentile within PA. Charities of a similar size with the same main cause include Institute for Local Innovations Inc ($622k), East Montgomery County Economic Development Corporation ($623k) and Village Improvement Association of Doylestown Pa ($622k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $11.9m against liabilities of $0, net assets of $11.9m.