Pennsylvania Community Real Estate Corporation

Analysis

Pennsylvania Community Real Estate Corporation is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in August 1990, 36 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 2023, Pennsylvania Community Real Estate Corporation reported income of $5.5m and spending of $5.7m, spending 105% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.3m to $5.5m (+3.6%), an average of +0.9% a year. Over the whole period it spent 100% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Pennsylvania Community Real Estate Corporation sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 91st percentile within PA. Charities of a similar size with the same main cause include Maac Housing Corporation ($5.5m), Project Go Inc ($5.5m) and Chico Housing Action Team ($5.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $254k (4.4% of expenses). Other salaries and wages came to $890k. At year end it held assets of $1.8m against liabilities of $1.5m, net assets of $325k. It reported 53 employees.