People for People Community Development Corporation

Analysis

People for People Community Development Corporation is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in February 2019, 7 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 supporting organisation (type ii) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, People for People Community Development Corporation reported income of $2.1m and spending of $866k, leaving 59% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.8m to $2.1m (+20%), an average of +4.7% a year. The sharpest change came in the year to June 2023, when income rose by 64%. Over the whole period it spent 96% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, People for People Community Development Corporation sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 85th percentile within PA. Charities of a similar size with the same main cause include Pipe Fitters Educational Training Program Fund No 533 ($2.1m), Rahway Community Action Organization ($2.1m) and Mountain Country Home Solutions ($2.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 35% and program service revenue 65% of the total. At year end it held assets of $7.3m against liabilities of $6.1m, net assets of $1.2m.