Mount Washington Community Development Corporation

Analysis

Mount Washington Community Development Corporation is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in June 1995, 31 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, Mount Washington Community Development Corporation reported income of $451k and spending of $311k, leaving 31% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $226k to $451k (+100%), an average of +19% a year. The sharpest change came in the year to December 2023, when income rose by 180%. Over the whole period it spent 80% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Mount Washington Community Development Corporation sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 67th percentile within PA. Charities of a similar size with the same main cause include East Passyunk Avenue Business Improvement District Inc ($451k), Flatbush Nostrand Junction District Management Association Inc ($451k) and Parks Foundation of Islip Town Inc ($451k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% and program service revenue 1.4% of the total. Compensation of current officers, directors and key employees was $58k (19% of expenses). Other salaries and wages came to $15k. At year end it held assets of $504k against liabilities of $63k, net assets of $441k. It reported 3 employees.