Parma Community Improvement Corporation

Analysis

Parma Community Improvement Corporation is a registered charity in United States, based in Parma, OH. It received its IRS tax-exemption ruling in September 2014, 12 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, Parma Community Improvement Corporation reported income of $162k and spending of $28k, leaving 83% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $92k to $162k (+77%), an average of +15% a year. The sharpest change came in the year to December 2020, when income rose by 6576%. Over the whole period it spent 85% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Parma Community Improvement Corporation sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 49th percentile within OH. Charities of a similar size with the same main cause include Community Connection Center ($162k), Grace Community Development Corporation of Florida ($162k) and Brewery District Community Urban Redevelopment Corporation ($162k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 3.7% of the total. At year end it held assets of $1.6m against liabilities of $0, net assets of $1.6m.