Green Knight Economic Development Corporation

Organization Overview

Green Knight Economic Development Corporation is located in Pen Argyl, PA. The organization was established in 1999. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Green Knight Economic Development Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2023, Green Knight Economic Development Corporation generated $2.5m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 8.9% each year. All expenses for the organization totaled $1.7m during the year ending 12/2023. While expenses have increased by 9.8% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

PROVIDING ECONOMIC RELIEF FOR POOR & DISTRESSED LOCAL CITIZENS

Describe the Organization's Program Activity:

Part 3 - Line 4a

THEY CONVERT LANDFILL GAS TO ELECTRICAL ENERGY AND SELL THE ENERGY TO INDUCE INDUSTRY, SPURRING ECONOMIC DEVELOPMENT & ENHANCING EMPLOYMENT OPPORTUNITIES IN THE BOROUGHS OF PEN ARGYL & WIND GAP, AND PLAINFIELD TWP.


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $63,905
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$63,905
Total Program Service Revenue$2,219,423
Investment income $112,295
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $68,488
Net Gain/Loss on Asset Sales $53,821
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $2,517,932

Grants Awarded

Over the last fiscal year, Green Knight Economic Development Corporation has awarded $50,000 in support to 2 organizations.

Grant RecipientAmount

FAMILIES FIRST

PURPOSE: Community

$40,000

BLUE MOUNTAIN COMMUNITY LIBRARY

PURPOSE: Community

$10,000
View Grant Profile

Peer Organizations

Organization NameAssets
Harristown Development Corporation
Harrisburg, PA
$18,623,535
Capitol South Community Urban Redevelopment Corporation
Columbus, OH
$13,517,756
Community Action Of South Eastern West Virginia
Bluefield, WV
$13,634,857
South Bronx Overall Economic Development Corporation
Bronx, NY
$12,019,062
City Of Baltimore Development Corporation
Baltimore, MD
$7,592,660
Greater Jamaica Development Corp
Jamaica, NY
$7,601,973
43north Bpc Inc
Buffalo, NY
$8,181,242
Economic Development Growth Enterprises Corporation
Rome, NY
$8,193,120
Rising Tide Community Loan Fund
Bethlehem, PA
$8,811,127
Pittsburgh Downtown Partnership
Pittsburgh, PA
$9,502,366
Newark Downtown District Management Corporation
Newark, NJ
$8,541,889
Buffalo & Erie County Industrial Land Development Corp
Buffalo, NY
$6,783,218
Rdc Commercial Center Inc
Brooklyn, NY
$4,484,188
Downtown Cleveland Improvementcorporation
Cleveland, OH
$5,263,381
Upper Manhattan Empowerment Zone Development Corporation
New York, NY
$5,950,446
Hester Street Collaborative Inc
New York, NY
$4,512,361
Maryland Manufacturing Service Inc
Salisbury, MD
$4,902,403
Prince Georges County Economic Development Corporation
Largo, MD
$5,105,140
Ohio Capital Finance Corporation
Columbus, OH
$18,182,307
The Columbus Partnership
Columbus, OH
$9,362,677
Grow America Fund Inc
New York, NY
$3,801,712
Gmdc Two Inc
Brooklyn, NY
$3,942,853
Enterprise Center
Philadelphia, PA
$6,353,979
Flatbush Development Corporation
Brooklyn, NY
$3,907,106
Baltimore Community Lending Inc
Baltimore, MD
$4,865,383

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