Yorktown Community Development Corporation

Analysis

Yorktown Community Development Corporation is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in May 1991, 35 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Yorktown Community Development Corporation reported income of $185k and spending of $254k, spending 137% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $122k to $185k (+52%), an average of +11% a year. The sharpest change came in the year to December 2022, when income dropped by 100%. Over the whole period it spent 112% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Yorktown Community Development Corporation sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 50th percentile within PA. Charities of a similar size with the same main cause include Community Projects of Havre de Grace Inc ($185k), Friends of Coal Ladies Auxiliiary ($185k) and Fund for the Center for Community Change ($185k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 89% of the total. At year end it held assets of $500k against liabilities of $288k, net assets of $212k.

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.