Centennial Parkside CDC

Analysis

Centennial Parkside CDC is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in January 2016, 10 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, Centennial Parkside CDC reported income of $813k and spending of $635k, leaving 22% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $511k to $813k (+59%), an average of +12% a year. The sharpest change came in the year to December 2023, when income rose by 74%. Over the whole period it spent 82% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Centennial Parkside CDC sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 75th percentile within PA. Charities of a similar size with the same main cause include Georgia Cities Foundation Inc ($813k), Pilates Method Alliance Inc ($814k) and MCS Economic Development Corporation ($812k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $64k (10% of expenses). Other salaries and wages came to $276k. At year end it held assets of $1.2m against liabilities of $224k, net assets of $958k. It reported 19 employees.