Pigg River Community Development Corporation

Analysis

Pigg River Community Development Corporation is a registered charity in United States, based in Rocky Mount, VA. It received its IRS tax-exemption ruling in April 2014, 12 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Pigg River Community Development Corporation reported income of $68k and spending of $62k, spending 92% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $61k to $68k (+11%), an average of +2.7% a year. The sharpest change came in the year to June 2021, when income dropped by 56%. Over the whole period it spent 119% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Pigg River Community Development Corporation sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 26th percentile within VA. Charities of a similar size with the same main cause include Santa Cruz County Lacrosse Association Inc ($68k), Timberlake Dixie Youth ($68k) and Cumberland Valley Boys Basketball ($68k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 72% of the total. At year end it held assets of $559k against liabilities of $0, net assets of $559k.