Pioneering with Passion Ministries PPM Inc

Analysis

Pioneering with Passion Ministries PPM Inc is a registered charity in United States, based in Wolcott, CT. It received its IRS tax-exemption ruling in June 2014, 12 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, Pioneering with Passion Ministries PPM Inc reported income of $244k and spending of $257k, spending 105% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $193k to $244k (+27%), an average of +6.1% a year. The sharpest change came in the year to December 2021, when income rose by 52%. Over the whole period it spent 98% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Pioneering with Passion Ministries PPM Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 55th percentile within CT. Charities of a similar size with the same main cause include Leadership Macomb Inc ($244k), Community Ventures ($244k) and Everett Station District Alliance ($244k).

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 $16k (6.2% of expenses). At year end it held assets of $13k against liabilities of $0, net assets of $13k.