Peter-Paul Development Center Inc

Analysis

Peter-Paul Development Center Inc is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in May 1980, 46 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2024, Peter-Paul Development Center Inc reported income of $2.0m and spending of $2.1m, spending 105% of its income. Across the 6 years on record, from June 2019 to June 2024, income fell from $2.5m to $2.0m (-17%), an average of -3.7% a year. The sharpest change came in the year to June 2021, when income rose by 27%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Peter-Paul Development Center Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within VA. Charities of a similar size with the same main cause include Domestic Violence Shelter and Services Inc ($2.0m), Partners for Our Communities ($2.0m) and Chaddock Childrens Foundation ($2.0m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 94% of the total. Compensation of current officers, directors and key employees was $112k (5.3% of expenses). Other salaries and wages came to $896k. At year end it held assets of $7.9m against liabilities of $151k, net assets of $7.7m. It reported 54 employees.