Pennsylvania Development & Management Corporation

Analysis

Pennsylvania Development & Management Corporation is a registered charity in United States, based in Lehighton, PA. It received its IRS tax-exemption ruling in August 1998, 28 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, Pennsylvania Development & Management Corporation reported income of $204k and spending of $238k, spending 117% of what it took in. Across the 6 years on record, from September 2019 to December 2023, income grew from $195k to $204k (+4.4%), an average of +0.9% a year. The sharpest change came in the year to December 2023, when income rose by 287%. Over the whole period it spent 93% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Pennsylvania Development & Management Corporation sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 52nd percentile within PA. Charities of a similar size with the same main cause include Garden Court ($204k), Nehemiah Community Development Corporation ($204k) and Housing Opportunities Made Equal of Mackinac County ($204k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 97% of the total. At year end it held assets of $716k against liabilities of $50k, net assets of $665k.