Aliqulppa Economic Development Corporation

Analysis

Aliqulppa Economic Development Corporation is a registered charity in United States, based in Aliquippa, 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 December 2023, Aliqulppa Economic Development Corporation reported income of $137k and spending of $727k, spending 529% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $500k to $137k (-73%), an average of -28% a year. The sharpest change came in the year to December 2020, when income rose by 100%. Over the whole period it spent 77% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Aliqulppa Economic Development Corporation sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 43rd percentile within PA. Charities of a similar size with the same main cause include Hermon Development Corp ($137k), Im Solutions Forum Inc ($137k) and Movimiento Familiar Cristiano L a ($137k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $78k (11% of expenses). At year end it held assets of $899k against liabilities of $3,737, net assets of $895k.