Observatory Hill Development Corp

Analysis

Observatory Hill Development Corp is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in February 2015, 11 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Observatory Hill Development Corp reported income of $149k and spending of $173k, spending 117% of what it took in. The sharpest change came in the year to December 2022, when income rose by 8990667%. Over the whole period it spent 113% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Observatory Hill Development Corp sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 45th percentile within PA. Charities of a similar size with the same main cause include Los Ninos Incorporated ($149k), United Givers of Southwest Mississippi Inc ($149k) and Par Pacific Charitable Giving Inc ($149k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 53% and program service revenue 70% of the total. At year end it held assets of $2.6m against liabilities of $2.8m, net assets of -$196k.