Central Pennsylvania Development Corporation Inc

Analysis

Central Pennsylvania Development Corporation Inc is a registered charity in United States, based in Clearfield, PA. It received its IRS tax-exemption ruling in July 1986, 40 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Central Pennsylvania Development Corporation Inc reported income of $103k and spending of $209k, spending 202% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $255k to $103k (-60%), an average of -20% a year. The sharpest change came in the year to June 2023, when income dropped by 1122%. Over the whole period it spent 614% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Central Pennsylvania Development Corporation Inc sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 36th percentile within PA. Charities of a similar size with the same main cause include Breakthrough Phase I ($103k), Northport Movin Out Inc ($103k) and Munhall Road Apartments Inc ($103k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 376% of the total. Other salaries and wages came to $115k. At year end it held assets of $2.7m against liabilities of $760k, net assets of $1.9m.

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.