Regional Industrial Development Corporation of Sw Pa
Public records raise at least one point you should look into before giving.
What it says it does
RIDC WAS INCORPORATED IN 1955 TO PROMOTE THE ECONOMIC AND GENERAL WELFARE OF THE TEN COUNTIES IN SOUTHWESTERN PENNSYLVANIA. THROUGH PUBLIC, PRIVATE, AND INSTITUTIONAL PARTNERSHIPS, RIDC DEVELOPS REAL ESTATE TO ENSURE THE REGION CAN CAPTURE EMERGING AND EXISTING GROWTH OPPORTUNITIES.
- Income
- $34.6 million
- Spending
- $20.4 million
- Employees
- 31
- Volunteers
- 0
- Highest pay
- $712,374, president
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. How we rate
Financial health
We do not score finances when yearly spending is very small or the return has too little detail. The ratios stop meaning much at that size.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. How we rate
Governance
This return does not answer enough of the governance questions to score.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (1)
- $20.4 million spent. THE REGIONAL INDUSTRIAL DEVELOPMENT CORPORATION OF SOUTHWESTERN PENNSYLVANIA (RIDC) DEVELOPS AND RENTS PROPERTY PRINCIPALLY IN ECONOMICALLY DEPRESSED AREAS AT BELOW MARKET VALUE. RIDC OBTAINS AND GUARANTEES LOW INTEREST LOANS WITH THE PENNSYLVANIA INDUSTRIAL DEVELOPMENT AUTHORITY ON BEHALF OF SMALL BUSINESSES. THESE ACTIVITIES ARE CONDUCTED SOLELY TO ASSIST IN COMBATING COMMUNITY DETERIORATION THROUGH THE INCREASE IN THE LEVEL OF INDUSTRY & EMPLOYMENT OPPORTUNITIES, THUS ASSISTING FEDERAL, STATE AND LOCAL GOVERNMENTS IN SIMILAR EFFORTS.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(6) business league.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.
Are donations tax-deductible? Caution.
The IRS master file records contributions to this 501(c)(6) business league as not deductible.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending December 2024.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since July 1962.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.