Pigeon Creek I Inc

Analysis

Pigeon Creek I Inc is a registered charity in United States, based in Akron, OH. It received its IRS tax-exemption ruling in December 2004, 22 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Pigeon Creek I Inc reported income of $178k and spending of $228k, spending 128% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $165k to $178k (+7.7%), an average of +1.9% a year. Over the whole period it spent 135% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Pigeon Creek I Inc sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 52nd percentile within OH. Charities of a similar size with the same main cause include Riverview West Florissant Housing Development Corporation ($178k), Women with Vision ($178k) and New Prospects Housing Corporation ($177k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.5% and program service revenue 97% of the total. At year end it held assets of $1.4m against liabilities of $75k, net assets of $1.3m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.