Allegany County Human Resources Development Commission Inc

Analysis

Allegany County Human Resources Development Commission Inc is a registered charity in United States, based in Cumberland, MD. It received its IRS tax-exemption ruling in April 1966, 60 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, Allegany County Human Resources Development Commission Inc reported income of $12.0m and spending of $12.6m, spending 105% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $13.0m to $12.0m (-7.5%), an average of -1.9% a year. Over the whole period it spent 101% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Allegany County Human Resources Development Commission Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within MD. Charities of a similar size with the same main cause include Eastern Atlantic States Carpenters Technical College ($12.0m), Horizons Foundation ($12.0m) and South Bronx Overall Economic Development Corporation ($12.0m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 99% and program service revenue 0.3% of the total. Compensation of current officers, directors and key employees was $240k (1.9% of expenses). At year end it held assets of $11.0m against liabilities of $1.8m, net assets of $9.2m. It reported 182 employees.