Pharr Economic Development Corporation Foundation

Analysis

Pharr Economic Development Corporation Foundation is a registered charity in United States, based in Pharr, TX. It received its IRS tax-exemption ruling in August 2020, 6 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 December 2023, Pharr Economic Development Corporation Foundation reported income of $369k and spending of $365k, spending 99% of its income. The sharpest change came in the year to December 2023, when income rose by 101%. Over the whole period it spent 92% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Pharr Economic Development Corporation Foundation sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 70th percentile within TX. Charities of a similar size with the same main cause include The Mississippi Partnership for Economic Development Inc ($369k), Oceanside Police Officers Association Foundation ($369k) and Albert Lea Freeborn County Chamber Foundation ($369k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $41k against liabilities of $0, net assets of $41k.