Community Improvement
(S43Z)
990 on File
ALLENTOWN ECONOMIC DEVELOPMENT CORPORATION
Financial strength (30%)
78/100
Reliability (20%)
55/100
Effectiveness (25%)
81/100
Impact (25%)
No data yet
CharityAI™ Score
Not yet evaluated
Financial Overview — FY 2023
$-13,870,273
Total Revenue
$2.0M
Total Expenses
$7.9M
Net Assets
13
Employees
Expense Breakdown
Program Expense Ratio
77.1%
Fundraising Efficiency
N/A
Operating Reserve
48.31x
Liability-to-Asset
45.7%
Revenue Diversification
N/A
Executive Compensation
$184K
Compared with Peers
FY 2023
Compared with 2,193 similar organizations
(United States, Community Improvement, $1M–$10M in expenses), FY 2023.
This organization
Middle half of peers (P25–P75)
Peer median
| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
77.1% | 85.1% |
P10P90
|
Below median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
22.9% | 11.8% |
P10P90
|
Bottom quarter |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
0.0% | 0.2% |
P10P90
|
Top quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
48.3 mo | 10.6 mo |
P10P90
|
Top quarter |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
45.7% | 21.0% |
P10P90
|
Below median |
|
Revenue growth
Year over year revenue growth
|
-722.2% | 7.5% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
4.5% | 13.0% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
114.2% | 1.8% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2023 | $-13,870,273 | $2.0M | $7.9M | 77.1% | 13 |
| 2022 | $2.2M | $1.9M | $23.8M | 75.6% | 8 |
| 2021 | $1.7M | $1.9M | N/A | — | 8 |
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