Germantown United Community Development Corporation

Analysis

Germantown United Community Development Corporation is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in April 2012, 14 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, Germantown United Community Development Corporation reported income of $606k and spending of $605k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $463k to $606k (+31%), an average of +7.0% a year. The sharpest change came in the year to December 2021, when income rose by 55%. Over the whole period it spent 91% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Germantown United 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 Canton Area Plumbers Pipefitters & Refrig Joint Apprenticeship Comm ($606k), Kingdom Capital Network ($606k) and Wilkinsburg Community Development Corporation ($606k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $73k (12% of expenses). Other salaries and wages came to $103k. At year end it held assets of $459k against liabilities of $66k, net assets of $392k. It reported 6 employees.