P V Community Development Corporation

Analysis

P V Community Development Corporation is a registered charity in United States, based in El Paso, TX. It received its IRS tax-exemption ruling in January 1992, 34 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, P V Community Development Corporation reported income of $2.3m and spending of $1.7m, leaving 28% of income unspent that year. Across the 5 years on record, from August 2019 to August 2023, income grew from $1.7m to $2.3m (+32%), an average of +7.2% a year. The sharpest change came in the year to August 2022, when income rose by 19%. Over the whole period it spent 63% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, P V Community Development Corporation sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 90th percentile within TX. Charities of a similar size with the same main cause include Family Promise of Las Vegas ($2.3m), Lakewood Housing Corporation ($2.3m) and Kennedy Management Inc ($2.3m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 9.2% and program service revenue 71% of the total. Other salaries and wages came to $129k. At year end it held assets of $17.6m against liabilities of $11.6m, net assets of $6.0m.