Pittsburgh Downtown Community Development Corporation

Analysis

Pittsburgh Downtown Community Development Corporation is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in October 2021, 5 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, Pittsburgh Downtown Community Development Corporation reported income of $116k and spending of $124k, spending 107% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income fell from $127k to $116k (-8.8%), an average of -1.8% a year. The sharpest change came in the year to December 2023, when income rose by 77%. Over the whole period it spent 94% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Pittsburgh Downtown Community Development Corporation sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 39th percentile within PA. Charities of a similar size with the same main cause include Albany Black Chamber of Commerce Foundation Inc ($116k), Venture Forum Inc ($116k) and Revolutionary Economy for All Local Peoples Fund ($116k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% of the total. Compensation of current officers, directors and key employees was $54k (44% of expenses). At year end it held assets of $2,055 against liabilities of $0, net assets of $2,055.