Pearl River Valley Opportunity Inc

Analysis

Pearl River Valley Opportunity Inc is a registered charity in United States, based in Columbia, MS. It received its IRS tax-exemption ruling in November 1966, 60 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 2022, Pearl River Valley Opportunity Inc reported income of $18.5m and spending of $19.4m, spending 105% of its income. Across the 4 years on record, from September 2019 to September 2022, income fell from $23.5m to $18.5m (-21%), an average of -7.6% a year. The sharpest change came in the year to September 2022, when income dropped by 26%. Over the whole period it spent 105% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Pearl River Valley Opportunity Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within MS. Charities of a similar size with the same main cause include Seattle-King County Workforce Development Council ($18.5m), American Planning Association ($18.6m) and Delaware River Waterfront Corporation ($18.5m).

On its Form 990 for the period ending September 2022, revenue came from contributions and grants 89% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $400k (2.1% of expenses). Other salaries and wages came to $5.2m. At year end it held assets of $18.0m against liabilities of $8.5m, net assets of $9.5m. It reported 458 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.