Pennsylvania Community Development and Finance Corporation

Analysis

Pennsylvania Community Development and Finance Corporation is a registered charity in United States, based in Reading, PA. It received its IRS tax-exemption ruling in November 1990, 36 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, Pennsylvania Community Development and Finance Corporation reported income of $304k and spending of $294k, spending 97% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $303k to $304k (+0.2%), an average of +0.0% a year. The sharpest change came in the year to June 2023, when income rose by 47%. Over the whole period it spent 95% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Pennsylvania Community Development and Finance Corporation sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 60th percentile within PA. Charities of a similar size with the same main cause include Moses Lake Spring Festival ($304k), Oregon Community Solutions ($304k) and Babcock Ranch Foundation Inc ($304k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 2.0% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $195k (66% of expenses). At year end it held assets of $169k against liabilities of $11k, net assets of $158k.