Etna Economic Development Corporation

Analysis

Etna Economic Development Corporation is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in March 2004, 22 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 December 2019, Etna Economic Development Corporation reported income of $1.3m and spending of $1.3m, spending 104% of its income. Across the 2 years on record, from December 2018 to December 2019, income grew from $1.2m to $1.3m (+8.3%), an average of +8.3% a year. Over the whole period it spent 71% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Etna Economic Development Corporation sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 80th percentile within PA. Charities of a similar size with the same main cause include Hispanic Foundation of Silicon Valley ($1.3m), Near & Far Aid Association Inc ($1.3m) and Marva Workshop Inc ($1.3m).

On its Form 990 for the period ending December 2019, revenue came from contributions and grants 94% and program service revenue 4.0% of the total. At year end it held assets of $842k against liabilities of $0, net assets of $842k.