Potential Development Program

Analysis

Potential Development Program is a registered charity in United States, based in Youngstown, OH. It received its IRS tax-exemption ruling in January 1955, 71 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Potential Development Program reported income of $8.8m and spending of $7.7m, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.3m to $8.8m (+65%), an average of +13% a year. The sharpest change came in the year to December 2021, when income rose by 32%. Over the whole period it spent 86% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Potential Development Program 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 OH. Charities of a similar size with the same main cause include Givepower Foundation ($8.8m), Community Living Alliance Inc ($8.8m) and Dave and Mary Alper Jewish ($8.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 3.0% of the total. Compensation of current officers, directors and key employees was $111k (1.4% of expenses). Other salaries and wages came to $4.8m. At year end it held assets of $7.2m against liabilities of $1.0m, net assets of $6.1m. It reported 154 employees.