Ppep Microbusiness and Housing Development Corporation

Analysis

Ppep Microbusiness and Housing Development Corporation is a registered charity in United States, based in Tucson, AZ. It received its IRS tax-exemption ruling in October 1983, 43 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 June 2023, Ppep Microbusiness and Housing Development Corporation reported income of $1.9m and spending of $1.3m, leaving 35% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.3m to $1.9m (+51%), an average of +11% a year. The sharpest change came in the year to June 2021, when income rose by 37%. Over the whole period it spent 65% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Ppep Microbusiness and Housing Development Corporation sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 83rd percentile within AZ. Charities of a similar size with the same main cause include Southwest Boston Community Development Corporation ($1.9m), LP Wind Up Corporation ($1.9m) and Resilient Coders Inc ($1.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 71% and program service revenue 27% of the total. Other salaries and wages came to $503k. At year end it held assets of $8.8m against liabilities of $2.9m, net assets of $5.9m. It reported 24 employees.