Pee Dee Housing Development Corporation

Analysis

Pee Dee Housing Development Corporation is a registered charity in United States, based in Florence, SC. It received its IRS tax-exemption ruling in September 1990, 36 years ago. 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, Pee Dee Housing Development Corporation reported income of $231k and spending of $320k, spending 139% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $159k to $231k (+45%), an average of +9.8% a year. The sharpest change came in the year to December 2022, when income rose by 380%. Over the whole period it spent 80% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Pee Dee Housing Development Corporation sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 62nd percentile within SC. Charities of a similar size with the same main cause include Citizens Scholarship Foundation of America Inc ($231k), National Social Science Honor Society Pi Gamma Mu Inc ($231k) and New Canaan High School Scholarship Foundation Inc ($231k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 29% and program service revenue 69% of the total. At year end it held assets of $1.5m against liabilities of $121k, net assets of $1.4m.