Invest PGH Inc

Analysis

Invest PGH Inc is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in August 2020, 6 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 2023, Invest PGH Inc reported income of $1.0m and spending of $616k, leaving 41% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $278k to $1.0m (+277%), an average of +56% a year. The sharpest change came in the year to December 2021, when income rose by 384%. Over the whole period it spent 56% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Invest PGH Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 78th percentile within PA. Charities of a similar size with the same main cause include Junior League of Philadelphia Inc ($1.0m), The Junior League of the City of Washington Inc ($1.0m) and Humanmade ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% and program service revenue 13% of the total. At year end it held assets of $7.3m against liabilities of $5.9m, net assets of $1.4m.