Pa Irc Network Foundation

Analysis

Pa Irc Network Foundation is a registered charity in United States, based in Williamsport, PA. It received its IRS tax-exemption ruling in June 2015, 11 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 September 2023, Pa Irc Network Foundation reported income of $6.2m and spending of $6.2m, spending 100% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $6.7m to $6.2m (-7.7%), an average of -2.0% a year. The sharpest change came in the year to September 2022, when income dropped by 23%. Over the whole period it spent 100% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Pa Irc Network Foundation sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 92nd percentile within PA. Charities of a similar size with the same main cause include North Austin Community Center ($6.2m), Institute Capital Inc ($6.2m) and Pathforward Inc ($6.2m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $139k (2.3% of expenses). Other salaries and wages came to $76k. At year end it held assets of $395k against liabilities of $303k, net assets of $91k. It reported 2 employees.