Paco Community Development Corporation

Analysis

Paco Community Development Corporation is a registered charity in United States, based in Jersey City, NJ. It received its IRS tax-exemption ruling in December 2017, 9 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 2021, Paco Community Development Corporation reported income of $1.1m and spending of $185k, leaving 83% of income unspent that year. Across the 3 years on record, from December 2019 to December 2021, income grew from $450k to $1.1m (+142%), an average of +56% a year. The sharpest change came in the year to December 2021, when income rose by 114%. Over the whole period it spent 26% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Paco Community Development Corporation 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 83rd percentile within NJ. Charities of a similar size with the same main cause include Beargrass Conservancy Inc ($1.1m), Malama Huleia ($1.1m) and Pennsylvania Downtown Center Inc ($1.1m).

Compensation of current officers, directors and key employees was $10k (5.4% of expenses). At year end it held assets of $19.0m against liabilities of $24k, net assets of $18.9m.