PPL Development Co Inc

Analysis

PPL Development Co Inc is a registered charity in United States, based in Petersburg, VA. It received its IRS tax-exemption ruling in November 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type ii) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, PPL Development Co Inc reported income of $137k and spending of $457k, spending 333% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $211k to $137k (-35%), an average of -10% a year. The sharpest change came in the year to December 2020, when income rose by 5589%. Over the whole period it spent 20% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, PPL Development Co Inc sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 45th percentile within VA. Charities of a similar size with the same main cause include Roots of South Sudan ($137k), African School for Excellence ($137k) and Parent Booster USA Inc ($137k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $10.9m against liabilities of $356k, net assets of $10.5m.