Platte Community Development Corporation

Analysis

Platte Community Development Corporation is a registered charity in United States, based in Platte, SD. It received its IRS tax-exemption ruling in July 1991, 35 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, Platte Community Development Corporation reported income of $526k and spending of $305k, leaving 42% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $289k to $526k (+82%), an average of +82% a year. The sharpest change came in the year to December 2023, when income rose by 82%. Over the whole period it spent 45% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Platte Community Development Corporation sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 71st percentile within SD. Charities of a similar size with the same main cause include Petroleum County Community Center ($526k), Grant County Economic Development Council ($526k) and Minnesota Black Chamber of Commerce Incorporated ($526k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% of the total. At year end it held assets of $735k against liabilities of $190k, net assets of $546k.