Pitt County Committee of 100 Inc

Analysis

Pitt County Committee of 100 Inc is a registered charity in United States, based in Greenville, NC. It received its IRS tax-exemption ruling in June 1996, 30 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 June 2023, Pitt County Committee of 100 Inc reported income of $2.0m and spending of $1.6m, leaving 23% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $64k to $2.0m (+3019%), an average of +136% a year. The sharpest change came in the year to June 2020, when income rose by 6561%. Over the whole period it spent 51% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Pitt County Committee of 100 Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within NC. Charities of a similar size with the same main cause include Construction and Maintenance Education Foundation ($2.0m), International Coalition of Girls Schools Inc ($2.0m) and The Northeast Ohio Hispanic Center for Economic Development ($2.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 72% and program service revenue 26% of the total. Compensation of current officers, directors and key employees was $158k (10% of expenses). Other salaries and wages came to $404k. At year end it held assets of $5.6m against liabilities of $103k, net assets of $5.4m.