Program Development Services Inc

Analysis

Program Development Services Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in September 1988, 38 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Program Development Services Inc reported income of $32.5m and spending of $31.3m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $19.7m to $32.5m (+65%), an average of +13% a year. The sharpest change came in the year to June 2022, when income rose by 62%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Program Development Services Inc sits at the 99th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within NY. Charities of a similar size with the same main cause include Urban Justice Center ($32.5m), Habitat for Humanity of Pinellas ($32.5m) and Rite of Passage Adolescent Treatment Centers and Schools Inc ($32.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 6.8% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $510k (1.6% of expenses). Other salaries and wages came to $16.7m. At year end it held assets of $35.2m against liabilities of $11.0m, net assets of $24.2m. It reported 430 employees.