Premier Community Development Corporation

Analysis

Premier Community Development Corporation is a registered charity in United States, based in Plainfield, NJ. It received its IRS tax-exemption ruling in June 2008, 18 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, Premier Community Development Corporation reported income of $354k and spending of $49k, leaving 86% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $170k to $354k (+108%), an average of +20% a year. The sharpest change came in the year to December 2023, when income rose by 846%. Over the whole period it spent 48% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Premier Community Development Corporation sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 70th percentile within NJ. Charities of a similar size with the same main cause include Silverwood Casitas Inc ($354k), Harry S Truman Community Development Corporation ($355k) and Los Angeles Communities Advocating for Unity Social Justice & Action ($354k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.4% and program service revenue 99% of the total. At year end it held assets of $862k against liabilities of $9,321, net assets of $853k.