Tacony Community Development Corporation

Analysis

Tacony Community Development Corporation is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in December 2000, 26 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 June 2024, Tacony Community Development Corporation reported income of $415k and spending of $365k, spending 88% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $241k to $415k (+72%), an average of +14% a year. The sharpest change came in the year to June 2024, when income rose by 29%. Over the whole period it spent 113% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Tacony Community Development Corporation sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 65th percentile within PA. Charities of a similar size with the same main cause include National Council of Jewish Women Incorporated ($415k), Southtowns Rural Preservation Company Inc ($415k) and Holmes County Association for Handicapped Citizens Inc ($415k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $106k (29% of expenses). At year end it held assets of $242k against liabilities of $118k, net assets of $124k. It reported 3 employees.