P30 Inc

Analysis

P30 Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in March 2023, 3 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, P30 Inc reported income of $665k and spending of $560k, spending 84% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $199k to $665k (+235%), an average of +235% a year. The sharpest change came in the year to December 2023, when income rose by 235%. Over the whole period it spent 86% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, P30 Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within IN. Charities of a similar size with the same main cause include Nocomo Industries Inc ($665k), North Corktown Neighborhood Association ($666k) and Contra Costa Economic Partnership Inc ($665k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 55% and program service revenue 45% of the total. Compensation of current officers, directors and key employees was $75k (13% of expenses). Other salaries and wages came to $70k. At year end it held assets of $142k against liabilities of $24k, net assets of $118k. It reported 4 employees.