Point Community Development Corporation

Analysis

Point Community Development Corporation is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in January 1995, 31 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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 December 2023, Point Community Development Corporation reported income of $1.9m and spending of $2.0m, spending 103% of its income. Across the 6 years on record, from December 2018 to December 2023, income fell from $2.2m to $1.9m (-9.9%), an average of -2.1% a year. The sharpest change came in the year to December 2021, when income rose by 25%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Point Community Development Corporation sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 82nd percentile within NY. Charities of a similar size with the same main cause include Red Oak Camp ($1.9m), Indigo Education ($1.9m) and Southern Maryland Center for Family Advocacy Incorporated ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 0.6% of the total. Compensation of current officers, directors and key employees was $94k (4.7% of expenses). Other salaries and wages came to $992k. At year end it held assets of $1.6m against liabilities of $196k, net assets of $1.4m. It reported 36 employees.