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Filing year 2023

ALLENTOWN ECONOMIC DEVELOPMENT CORPORATION

Allentown, Pennsylvania·EIN 23-2101393·NTEE S43Z · Community Improvement & Capacity Building·3
Total revenue
$1.7M
Total assets
$11.2M
Total expenses
$2.2M
Reported officers
14
Mission

TO PROACTIVELY IDENTIFY, ENCOURAGE, MANAGE AND DEVELOP STRATEGIC BUSINESS OPPORTUNITIES FOR THE BENEFIT OF ALLENTOWN, ITS CITIZENS, AND THE LEHIGH VALLEY.

Executive compensation, broken down

Form 990 · Schedule J · 1 reported individual · Filing year 2023

Percentile bands compare each position's total pay with the same role at Community Improvement & Capacity Building organizations in Pennsylvania.

Executive Director
75th to 90th percentile
$190k
$212k
Base
$155k
Bonus
$10k
Other
Benefits
$25k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the Northeast region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 13 unpaid individuals.

Browse compensation in Community Improvement & Capacity Building

Pay in context

Top pay as a share of expenses

In 2023, the highest total compensation at ALLENTOWN ECONOMIC DEVELOPMENT CORPORATION equaled 9% of the organization's total expenses. The median for community improvement & capacity building organizations is 14%.

This organization (2023)
9%
Sector median
14%
Middle half of sector
6% to 28%

Based on 10,143 community improvement & capacity building organizations, each measured at its most recent filing year with reported expenses and compensation.

Up 23%
from 2022

From $154k in 2022 to $190k in 2023.

$154k
2022
$190k
2023
In today's dollarsEst.
Up 19% in real terms$178k to $212k

Estimated with BLS CPI-U for the Northeast region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Chief Executive Officer pay rose 23% from 2022 to 2023.

$154k in 2022 to $190k in 2023.

Pay for the position itself, not any one person. The officeholder may have changed between 2022 and 2023.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.

Among peers

Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.

FAQ

Common questions about ALLENTOWN ECONOMIC DEVELOPMENT CORPORATION

What does the Chief Executive Officer of ALLENTOWN ECONOMIC DEVELOPMENT CORPORATION earn?

In 2023, the Chief Executive Officer of ALLENTOWN ECONOMIC DEVELOPMENT CORPORATION received $189,637 in total compensation. This pay is in the top quarter for Chief Executive Officer roles among Community Improvement & Capacity Building organizations in Pennsylvania, though not the top 10% of comparable filings. Based on IRS Form 990 data.

How does Chief Executive Officer pay at ALLENTOWN ECONOMIC DEVELOPMENT CORPORATION compare with similar nonprofits?

Compared with the same role at Community Improvement & Capacity Building organizations in Pennsylvania, the 2023 pay of the Chief Executive Officer at ALLENTOWN ECONOMIC DEVELOPMENT CORPORATION falls between the 75th and 90th percentiles. In 2023, the highest total compensation at ALLENTOWN ECONOMIC DEVELOPMENT CORPORATION equaled 9% of the organization's total expenses. The median for community improvement & capacity building organizations is 14%.

What are ALLENTOWN ECONOMIC DEVELOPMENT CORPORATION's revenue and expenses?

In 2023, ALLENTOWN ECONOMIC DEVELOPMENT CORPORATION reported $1.7M in total revenue and $2.2M in total expenses on its IRS Form 990.

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