Pennsylvania · Nonprofit
INSTITUTE FOR ECONOMIC DEVELOPMENT
INSTITUTE FOR ECONOMIC DEVELOPMENT (Pennsylvania) receives grants from 3 organizations whose IRS filings report $246,465 to it, the largest being FOUNDATION FOR DELAWARE COUNTY ($155,750). 1 of them have funded it in more than one year, and 63% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
- Revenue FY2025
- $273k
- Funders on record
- 3
- Grants received
- $246k
- Net assets
- $1.6M
What Institute for Economic Development does
Mission
The Institute for Economic Development, dba riverfront alliance of delaware county (radc), is a consortium of private sector corporations and non-profit institutions that have come together to develop and implement programs and activities designed to counter the social and economic conditions that result from disinvestment in this community. Within this broad context, radc is specifically committed to undertaking a targeted mix of innovative economic development programs and activities focused on the physical, economic and social revitalization of the city of chester.
As stated on its FY2025 Form 990.
Programs
On its FY2024 return the organization reported starting a significant new program.
Radc established a workforce development committee to focus on workforce development as one if its strategic initiatives. Workforce development complements the strong employer base of radc board members and provides a mechanism to enhance connections between chester residents and local employment opportunities.
Its own explanation, from Schedule O of that return (Part III, line 2).
Housing & neighborhood revitalizationin partnership with the chester community improvement project (ccip), radc is focusing on providing quality affordable housing, eliminating blight and revitalizing neighborhoods. In the past fiscal year, the emphasis has been on developing the grace manor housing development and supporting ccip in its efforts to undertake a resident driven planning process for the neighborhood surrounding the new housing development. -grace manor neighborhood revitalization projectthe grace manor neighborhood revitalization project consists of developing ten units of affordable for sale housing and addressing neighborhood housing concerns. Radc is working with ccip to improve housing conditions through its faade and camera initiatives in the blocks surrounding the new housing. A demonstration home repair program will be developed to assist low-income owner occupants within the target area as well.the goal of the grace manor neighborhood revitalization project is to promote quality affordable housing in chester. This project will meet this goal by constructing new homes for first time, low- and moderate-income households. Interested buyers will be required to…
$21,773 spentof which $1,000 as grants34% of program spendingEconomic developmentin the last fiscal year, radc made a good deal of progress on improving streetscapes and trails along the chester waterfront and enhancing the connection between residents and the delaware river. This progress includes completing the remaining concrete work on the unit and 100 blocks of reaney street now that the utility poles have been relocated, finishing the design of the complete streets on highland avenue and substantially completing the design work for the norris street connector to the east coast greenway. Now that the design of the highland avenue improvements is finished, the improvements and trail installation has been put out to bid and will soon be under construction. -west 2nd street (route 291) improvements chester waterfront trailradc is working on design and financing for construction of a multi-use, off-road path and green stormwater landscaped strip along route 291 (west 2nd street) from highland ave to norris st to enhance pedestrian and bicycle safety and connect residential neighborhoods to the delaware river waterfront. The current land, located on the south side of route 291, will be reclaimed to complete a fully constructed 2.9-mile loop…
$35,475 spent56% of program spendingWorkforce developmentworkforce development complements the strong employer base of radc board members and provides a mechanism to enhance connections between chester residents and local employment opportunities. In addition to establishing a workforce development committee, radc has been involved in launching the jumpstart chester program to assist emerging developers as follows:-jumpstart chesterthe jumpstart program, founded by ken weinstein in 2015 in the germantown section of philadelphia, reduces blight and increases investment in the community. The model includes a real estate training program, a developer's network and access to financing options for the acquisition and renovation of residential properties. The jumpstart chester program provides training and mentoring to local residents interested in real estate development. At present, the residential market in chester is depressed with insufficient investment in the housing stock, limiting the supply of affordable units. Supporting interested but inexperienced individuals with technical assistance and financing will reduce gentrification by building locally and focusing on slow, steady growth. These emerging developers…
$5,869 spent9% of program spending
The 3 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $63,117.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2021 to 2022, from $856k to $1.6M (+92%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2017 26% · 2018 63% · 2019 34% · 2020 21% · 2023 14% · 2024 6% · 2025 5%. Grants only. Government contracts and fees sit inside program revenue.
81% of INSTITUTE FOR ECONOMIC DEVELOPMENT’s revenue is contributions — more donation-reliant than the typical peer (62% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 2 of the last 9 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Chief executive
Lisa Gaffney
Executive director
Board chair
Adam Kaliner
Chair/president
As listed on its FY2025 Form 990.
The chief executive listed changed between the FY2018 and FY2019 filings.
Who funds it, year by year
2019 → 2022: the base broadened from 1 funder to 2 funders, grant income rose $20k → $101k.
1 of 3 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 63% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
From the IRS filings of INSTITUTE FOR ECONOMIC DEVELOPMENT’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
INSTITUTE FOR ECONOMIC DEVELOPMENT leans on a few funders — its largest provides 63% of grant income and the top three 100%; half comes from just 1 funder.
the vertical line marks half of all grant income — 1 funder to its left
84% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund INSTITUTE FOR ECONOMIC DEVELOPMENT.
Largest funder’s share by year: 2019 100% · 2020 100% · 2021 100% · 2022 50% — diversifying over time.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Where its funders are
63% of INSTITUTE FOR ECONOMIC DEVELOPMENT's grant income arrives through donor-advised or pass-through sponsors, whose addresses record where the money is held rather than where the donor is. Of the $91k that is directly attributable, 56% of it comes from Pennsylvania funders.
Funder states come from each funder’s own filing. $156k arriving through sponsors registered in 1 state is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
INSTITUTE FOR ECONOMIC DEVELOPMENT runs a healthier operating margin than three-quarters of the 7,175 community improvement nonprofits its size.
this organization peer median middle 50% of peers· 7,175 community improvement nonprofits $100k–$1M, FY2025
Organizations like INSTITUTE FOR ECONOMIC DEVELOPMENT
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In Pennsylvania
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
30% of spending goes to programs.
Governance
Public support
35%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Files a return copy in 1 state
Screen this organization
A dated, signed PDF of the compliance screen for INSTITUTE FOR ECONOMIC DEVELOPMENT: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds INSTITUTE FOR ECONOMIC DEVELOPMENT?
- INSTITUTE FOR ECONOMIC DEVELOPMENT (Pennsylvania) receives grants from 3 organizations whose IRS filings report $246,465 to it, the largest being FOUNDATION FOR DELAWARE COUNTY ($155,750). 1 of them have funded it in more than one year, and 63% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
- How many funders does INSTITUTE FOR ECONOMIC DEVELOPMENT have?
- IRS filings report 3 organizations giving $246,465 in grants to INSTITUTE FOR ECONOMIC DEVELOPMENT, 1 of which have funded it in more than one year.
- Who is the largest funder of INSTITUTE FOR ECONOMIC DEVELOPMENT?
- FOUNDATION FOR DELAWARE COUNTY is the largest funder on record, with $155,750 in grants. The full list of funders is on this page.
- How can an organization like INSTITUTE FOR ECONOMIC DEVELOPMENT find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Pennsylvania. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 3 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing