Plenty Doors Community Development Corporation

Analysis

Plenty Doors Community Development Corporation is a registered charity in United States, based in Crow Agency, MT. It received its IRS tax-exemption ruling in May 2018, 8 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 December 2023, Plenty Doors Community Development Corporation reported income of $1.5m and spending of $1.1m, leaving 29% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $195k to $1.5m (+664%), an average of +66% a year. The sharpest change came in the year to December 2020, when income rose by 242%. Over the whole period it spent 60% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Plenty Doors Community Development Corporation sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 85th percentile within MT. Charities of a similar size with the same main cause include Knox County Land Reutilization Corporation ($1.5m), Qualitative Solutions ($1.5m) and Young Adults Manufacturer Training Employment Program ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 0.3% of the total. Compensation of current officers, directors and key employees was $74k (7.0% of expenses). Other salaries and wages came to $369k. At year end it held assets of $1.9m against liabilities of $237k, net assets of $1.6m. It reported 40 employees.