Pittsburgh Community Reinvestment Group

Analysis

Pittsburgh Community Reinvestment Group is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in June 1993, 33 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, Pittsburgh Community Reinvestment Group reported income of $1.1m and spending of $1.3m, spending 123% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $897k to $1.1m (+22%), an average of +5.1% a year. The sharpest change came in the year to December 2022, when income rose by 29%. Over the whole period it spent 94% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Pittsburgh Community Reinvestment Group sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 79th percentile within PA. Charities of a similar size with the same main cause include Sonoma County Vintners Foundation ($1.1m), Center for Success Network ($1.1m) and People Advancing Reintegration Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 64% of the total. Other salaries and wages came to $861k. At year end it held assets of $1.1m against liabilities of $102k, net assets of $967k. It reported 30 employees.