Columbus Property Management & Development Inc

Analysis

Columbus Property Management & Development Inc is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a supporting organisation (type ii) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Columbus Property Management & Development Inc reported income of $26.9m and spending of $31.5m, spending 117% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $18.4m to $26.9m (+46%), an average of +9.9% a year. The sharpest change came in the year to June 2020, when income rose by 51%. Over the whole period it spent 104% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Columbus Property Management & Development 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 PA. Charities of a similar size with the same main cause include Archdiocesan Housing Authority ($26.8m), Habitat for Humanity International Inc ($26.9m) and CTF Illinois ($26.8m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $1.0m (3.3% of expenses). Other salaries and wages came to $14.3m. At year end it held assets of $28.2m against liabilities of $28.2m, net assets of $53k. It reported 215 employees.