Piedmont Residential Development Center Inc

Analysis

Piedmont Residential Development Center Inc is a registered charity in United States, based in Concord, NC. It received its IRS tax-exemption ruling in June 1977, 49 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 June 2024, Piedmont Residential Development Center Inc reported income of $4.4m and spending of $4.8m, spending 108% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $3.2m to $4.4m (+37%), an average of +8.3% a year. The sharpest change came in the year to June 2021, when income rose by 25%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Piedmont Residential Development Center Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within NC. Charities of a similar size with the same main cause include Home Based Services Initiative LLC ($4.4m), St Marys Foundation Inc ($4.4m) and Veterans Recovery Resources ($4.4m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 2.0% and program service revenue 98% of the total. Other salaries and wages came to $3.2m. At year end it held assets of $1.8m against liabilities of $447k, net assets of $1.4m. It reported 101 employees.