Ephrata Development Organization Inc

Analysis

Ephrata Development Organization Inc is a registered charity in United States, based in Ephrata, PA. It received its IRS tax-exemption ruling in May 2018, 8 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, Ephrata Development Organization Inc reported income of $432k and spending of $372k, spending 86% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $197k to $432k (+120%), an average of +22% a year. The sharpest change came in the year to June 2020, when income rose by 42%. Over the whole period it spent 86% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Ephrata Development Organization Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 66th percentile within PA. Charities of a similar size with the same main cause include 100 Black Men of Greater Orlando Inc ($432k), Womens Conference of Florida Inc ($432k) and Midtown Indianapolis Inc ($432k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 51% and program service revenue 36% of the total. Other salaries and wages came to $104k. At year end it held assets of $1.5m against liabilities of $493k, net assets of $996k. It reported 2 employees.