Purchase Area Regional Industrial Park Authority Inc

Analysis

Purchase Area Regional Industrial Park Authority Inc is a registered charity in United States, based in Mayfield, KY. It received its IRS tax-exemption ruling in August 2001, 25 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 June 2023, Purchase Area Regional Industrial Park Authority Inc reported income of $534k and spending of $20k, leaving 96% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $376k to $534k (+42%), an average of +9.2% a year. The sharpest change came in the year to June 2023, when income rose by 112%. Over the whole period it spent 38% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Purchase Area Regional Industrial Park Authority Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 72nd percentile within KY. Charities of a similar size with the same main cause include United Partners for Human Service Inc ($534k), Laurel Redevelopment Corporation ($535k) and University of Orange a NJ Nonprofit Corporation ($534k).

At year end it held assets of $13.6m against liabilities of $0, net assets of $13.6m.