Eitc Program
Pennsylvania’s Educational Improvement Tax Credit (EITC) program authorizes tax credits for businesses that make contributions to educational improvement or scholarship organizations. The EITC is administered by Pennsylvania’s Department of Community and Economic Development (visit www.newpa.com and type in EITC in the search box). The Salvation Army of Greater Philadelphia is a recognized Educational Improvement Organization under the EITC program.
The EITC Program allows businesses to make charitable contributions based on the amount of Pennsylvania state taxes they pay. The program provides companies with a 75% tax credit for donations to an Educational Improvement Organization*. If the company commits to making the same donation for two consecutive years, the tax credit increases to 90%. A company authorized to do business in Pennsylvania can receive up to $750,000 in tax credits annually.
*An organization that provides "innovative educational programs.