Perfecting Community Development Corporation

Analysis

Perfecting Community Development Corporation is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in November 1997, 29 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, Perfecting Community Development Corporation reported income of $729k and spending of $787k, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $423k to $729k (+72%), an average of +15% a year. The sharpest change came in the year to December 2022, when income rose by 26%. Over the whole period it spent 104% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Perfecting Community Development Corporation sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within MI. Charities of a similar size with the same main cause include Arda International Foundation Inc ($729k), Nebraska State Chamber Foundation ($730k) and Pink Boots Society ($729k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 4.1% of the total. Compensation of current officers, directors and key employees was $341k (43% of expenses). At year end it held assets of $232k against liabilities of $6,322, net assets of $226k.