Paving Great Futures

Analysis

Paving Great Futures is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in June 2021, 5 years ago. Its declared purposes cover employment, 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 July 2023, Paving Great Futures reported income of $1.3m and spending of $1.2m, spending 91% of its income. Across the 5 years on record, from July 2019 to July 2023, income grew from $266k to $1.3m (+398%), an average of +49% a year. The sharpest change came in the year to July 2020, when income rose by 178%. Over the whole period it spent 99% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Paving Great Futures sits at the 81st percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 83rd percentile within CA. Charities of a similar size with the same main cause include Pomona Ecomomic Opportunity Center ($1.3m), Citizens Housing and Planning Council of New York Inc ($1.3m) and Our Family Coalition ($1.3m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 88% and program service revenue 14% of the total. Compensation of current officers, directors and key employees was $225k (19% of expenses). Other salaries and wages came to $318k. At year end it held assets of $287k against liabilities of $158k, net assets of $129k. It reported 19 employees.