Pacific Southwest Community Development Corp

Analysis

Pacific Southwest Community Development Corp is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in March 1996, 30 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 (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, Pacific Southwest Community Development Corp reported income of $8.7m and spending of $6.8m, leaving 23% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.5m to $8.7m (+481%), an average of +55% a year. The sharpest change came in the year to December 2022, when income rose by 121%. Over the whole period it spent 68% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Pacific Southwest Community Development Corp sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within CA. Charities of a similar size with the same main cause include Bristol Village Inc ($8.7m), Project Plase Inc ($8.7m) and Fordham Bedford Housing Corp ($8.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 45% and program service revenue 42% of the total. Compensation of current officers, directors and key employees was $471k (7.0% of expenses). Other salaries and wages came to $931k. At year end it held assets of $55.5m against liabilities of $11.8m, net assets of $43.7m. It reported 49 employees.