City of Washington Citywide Development Corporation

Analysis

City of Washington Citywide Development Corporation is a registered charity in United States, based in Washington, PA. It received its IRS tax-exemption ruling in June 2016, 10 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, City of Washington Citywide Development Corporation reported income of $560k and spending of $78k, leaving 86% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $34k to $560k (+1540%), an average of +1540% a year. The sharpest change came in the year to December 2023, when income rose by 1540%. Over the whole period it spent 22% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, City of Washington Citywide Development Corporation sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 70th percentile within PA. Charities of a similar size with the same main cause include Operating Engineers Local 406 State of Louisiana Apprenticeship and Ed ($560k), Easton Community Access Television Ecat Inc ($561k) and Fresno Revitalization Corporation ($560k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 1.3% of the total. At year end it held assets of $582k against liabilities of $0, net assets of $582k.