Pennsylvania Center for Employee Ownership

Analysis

Pennsylvania Center for Employee Ownership is a registered charity in United States, based in Havertown, PA. It received its IRS tax-exemption ruling in January 2017, 9 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 (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 2023, Pennsylvania Center for Employee Ownership reported income of $457k and spending of $391k, spending 86% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $207k to $457k (+121%), an average of +17% a year. The sharpest change came in the year to December 2023, when income rose by 123%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Pennsylvania Center for Employee Ownership sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 67th percentile within PA. Charities of a similar size with the same main cause include The National Information Officers Association Incorporated ($457k), New Life Community Development Corporation ($457k) and Dallas-Fort Worth Sheet Metal Joint Apprentice & Training Committee ($457k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $137k (35% of expenses). Other salaries and wages came to $44k. At year end it held assets of $82k against liabilities of $0, net assets of $82k. It reported 2 employees.