Piggott Housing Development Corporation

Analysis

Piggott Housing Development Corporation is a registered charity in United States, based in Pocahontas, AR. It received its IRS tax-exemption ruling in August 1984, 42 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Piggott Housing Development Corporation reported income of $212k and spending of $154k, leaving 27% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $158k to $212k (+34%), an average of +7.5% a year. The sharpest change came in the year to December 2021, when income rose by 17%. Over the whole period it spent 88% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Piggott Housing Development Corporation sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 56th percentile within AR. Charities of a similar size with the same main cause include Rites of Passage Development Inc ($212k), Brothers Keeper Inc ($212k) and Garland Estates for Seniors Inc ($212k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 58% and program service revenue 40% of the total. Compensation of current officers, directors and key employees was $10k (6.6% of expenses). Other salaries and wages came to $8,459. At year end it held assets of $493k against liabilities of $220k, net assets of $272k.