Greater Palm River Point Community Development Corporation

Analysis

Greater Palm River Point Community Development Corporation is a registered charity in United States, based in Tampa, FL. It received its IRS tax-exemption ruling in June 1999, 27 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 September 2023, Greater Palm River Point Community Development Corporation reported income of $198k and spending of $177k, spending 89% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $322k to $198k (-39%), an average of -11% a year. The sharpest change came in the year to September 2022, when income rose by 542%. Over the whole period it spent 109% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Greater Palm River Point Community Development Corporation sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 57th percentile within FL. Charities of a similar size with the same main cause include Uptown Entertainment & Development Corporation ($198k), Main Street Altus Inc ($198k) and Plaza District Association ($198k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 70% of the total. Compensation of current officers, directors and key employees was $79k (45% of expenses). Other salaries and wages came to $5,934. At year end it held assets of $81k against liabilities of $12k, net assets of $70k. It reported 5 employees.