Progressive Change Community Development Corp

Analysis

Progressive Change Community Development Corp is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in February 2017, 9 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, Progressive Change Community Development Corp reported income of $218k and spending of $98k, leaving 55% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income fell from $289k to $218k (-25%), an average of -25% a year. The sharpest change came in the year to June 2023, when income dropped by 25%. Over the whole period it spent 68% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Progressive Change Community Development Corp sits at the 53rd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 53rd percentile within PA. Charities of a similar size with the same main cause include East Brooklyn District Management Association Inc ($218k), Gramatan Village Inc ($218k) and Dress for Success Boise Inc ($217k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $217k against liabilities of $185k, net assets of $32k.