The Pittsburgh Project

Analysis

The Pittsburgh Project is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in August 1989, 37 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, The Pittsburgh Project reported income of $1.3m and spending of $1.4m, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.5m to $1.3m (-13%), an average of -3.3% a year. The sharpest change came in the year to December 2023, when income rose by 329%. Over the whole period it spent 116% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, The Pittsburgh Project sits at the 81st percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 81st percentile within PA. Charities of a similar size with the same main cause include Rise Urban Leadership Institute of San Diego ($1.3m), 21st Century Partnership Foundation Inc ($1.3m) and Citizens Housing and Planning Council of New York Inc ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 49% and program service revenue 45% of the total. Compensation of current officers, directors and key employees was $65k (4.7% of expenses). Other salaries and wages came to $435k. At year end it held assets of $1.7m against liabilities of $564k, net assets of $1.1m. It reported 49 employees.