Overview
What is Pennsylvania Economy League Inc?
Pennsylvania Economy League Inc, established in 1909, is an independent nonprofit organization based in Philadelphia, Pennsylvania. With a mission to foster equitable and inclusive growth in the region, it conducts impactful, nonpartisan research and connects diverse leaders to advance shared solutions. As a public policy research entity, it provides independent analysis on emerging issues to stimulate both public and private actions, aiming to improve the quality of life, work, and business in Pennsylvania. The organization comprises three limited liability companies and employs 18 individuals.
Official website here: www.economyleague.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 75% (Three-Star out of Four Star rating)
The Pennsylvania Economy League Inc has earned a Three-Star rating on Charity Navigator, primarily reflecting its strong accountability and finance practices. With an overall score calculated entirely from its Accountability & Finance beacon, the organization demonstrates robust governance, including a fully independent board and comprehensive financial oversight measures.
Notable strengths include a high score for program expense ratio, indicating that a significant portion of funds is allocated directly to programs rather than administrative costs. The organization also excels in fundraising efficiency, showcasing its ability to raise funds effectively with minimal expense. These factors contribute to its solid fiscal reputation.
However, there are some limitations noted in the ratings, particularly regarding the working capital ratio, which is relatively low at 0.18 years. This suggests potential challenges in liquidity or financial flexibility. Overall, while the Pennsylvania Economy League Inc shows strong governance and program delivery, attention to its working capital may be necessary for long-term sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is Pennsylvania Economy League Inc legitimate?
Pennsylvania Economy League Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Pennsylvania Economy League Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $231,647
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,211,550
For more financial information, click here
Official website here: www.economyleague.org
What is the mission statement of Pennsylvania Economy League Inc?
The Pennsylvania Economy League Inc, as an independent non-profit public policy research entity, aims to stimulate public and private action through independent research on emerging issues. Their mission is to make Pennsylvania a better place to live, work, and conduct business by creating a knowledgeable corporate and civic audience. This organization's purpose is to ensure the economic competitiveness of the commonwealth and its regions. They conduct research on various issues to provide insights that can influence policy and decision-making.
Official website here: www.economyleague.org
Who is the CEO of Pennsylvania Economy League Inc?
Jeffrey Hornstein Phd is the Executive Director of Pennsylvania Economy League Inc.
Official website here: www.economyleague.org
What is the revenue of Pennsylvania Economy League Inc?
Pennsylvania Economy League Inc's revenue in 2022 was $4,318,756.
Official website here: www.economyleague.org
Who are the executives of Pennsylvania Economy League Inc and what are their salaries?
The average compensation at Pennsylvania Economy League Inc during 2022 was $80,178. There are 18 employees and 109 volunteers at Pennsylvania Economy League Inc.
Here are 12 key members and their salaries:
- Compensation: $207,302
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- Other: $24,345
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- Compensation: $116,302
- Related: $0
- Other: $24,598
Official website here: www.economyleague.org
Where can I find the form 990 for Pennsylvania Economy League Inc?
Pennsylvania Economy League Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.economyleague.org
Learn more at the official website: www.economyleague.org
Mission Statement of Pennsylvania Economy League Inc
The Pennsylvania Economy League (PEL) is an independent non-profit public policy research entity with a mission to drive positive change in the commonwealth. Comprising three limited liability companies, PEL, Economy League of Greater Philadelphia, Pennsylvania Economy League of Southwestern PA, and Pennsylvania Economy League, Central PA, its purpose is to conduct independent research on emerging issues. This research aims to stimulate both public and private action, ultimately making Pennsylvania a more appealing place to live, work, and conduct business. By creating a knowledgeable corporate and civic audience, the Pennsylvania Economy League contributes to ensuring the economic competitiveness of the Commonwealth and its regions.
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Impact
October, 2024
The Pennsylvania Economy League Inc plays a crucial role in fostering equitable and inclusive growth in the Greater Philadelphia area. By producing impactful, nonpartisan research, the organization addresses emerging issues that affect the local economy and governance. Their work not only informs public policy but also stimulates action from both public and private sectors, enhancing the overall quality of life for residents.
By connecting diverse leaders and advancing shared solutions, the Pennsylvania Economy League acts as an independent think tank that contributes to the economic competitiveness of Pennsylvania and its regions. Founded on the principle that civic responsibility extends beyond profit-making, it empowers citizens to engage with local government and influence decisions that impact their communities. Through its research and advocacy, the organization nurtures a knowledgeable corporate and civic audience, ensuring that economic development is inclusive and benefits all citizens. Overall, its influence shapes a more vibrant, equitable, and sustainable economic landscape in Pennsylvania.
This information is meant to be a general summary of Pennsylvania Economy League Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $2,291
- Program Service Revenue: $1,100,650
- Gross Receipts: $4,318,756
Assets and Liabilities:
- Total Assets: $2,565,314
- Total Liabilities: $1,919,406
- Net Assets: $645,908
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CENTRAL PROJECT REV
Revenue
$665,925
ELGP PROJECT REVENUE
Revenue
$407,250
PELGP PROGRAM REVENUE
Revenue
$27,475
Organization Details
Founding Year
1936
Phone
(215) 875-1000Principal Officer
Jeffrey Hornstein Phd
Main Address
901 MARKET STREET 3020, PHILADELPHIA, PA, 19107
Website
www.economyleague.orgNTEE Category
Code: W20 - Public benefit
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