Wilkinsburg Community Development Corporation

Analysis

Wilkinsburg Community Development Corporation is a registered charity in United States, based in Wilkinsburg, PA. It received its IRS tax-exemption ruling in May 2008, 18 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 June 2023, Wilkinsburg Community Development Corporation reported income of $606k and spending of $1.1m, spending 185% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.5m to $606k (-61%), an average of -21% a year. The sharpest change came in the year to June 2022, when income rose by 92%. Over the whole period it spent 65% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Wilkinsburg Community Development Corporation sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 71st percentile within PA. Charities of a similar size with the same main cause include Orthopedics Capital Foundation Inc ($606k), Canton Area Plumbers Pipefitters & Refrig Joint Apprenticeship Comm ($606k) and Rock Creek Community Development Corp ($606k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 91% and program service revenue 6.9% of the total. Compensation of current officers, directors and key employees was $118k (10% of expenses). Other salaries and wages came to $321k. At year end it held assets of $5.3m against liabilities of $33k, net assets of $5.3m. It reported 11 employees.