Wilkinsburg CDC Holding Co

Analysis

Wilkinsburg CDC Holding Co is a registered charity in United States, based in Wilkinsburg, PA. It received its IRS tax-exemption ruling in July 2017, 9 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Wilkinsburg CDC Holding Co reported income of $570k and spending of $200k, leaving 65% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $365k to $570k (+56%), an average of +12% a year. The sharpest change came in the year to June 2022, when income dropped by 229%. Over the whole period it spent 34% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Wilkinsburg CDC Holding Co sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 70th percentile within PA. Charities of a similar size with the same main cause include Capital District Womens Employment & Resource Center Inc ($570k), Community House Foundation ($570k) and Hulbert Cherokee Community Organization ($569k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 91% and program service revenue 10% of the total. At year end it held assets of $3.3m against liabilities of $2.0m, net assets of $1.3m.