PNB Community Development Foundation Inc

Analysis

PNB Community Development Foundation Inc is a registered charity in United States, based in McComb, MS. It received its IRS tax-exemption ruling in October 2022, 4 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, PNB Community Development Foundation Inc reported income of $60k and spending of $70k, spending 117% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $61k to $60k (-1.8%), an average of -1.8% a year. Over the whole period it spent 83% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, PNB Community Development Foundation Inc sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 24th percentile within MS. Charities of a similar size with the same main cause include New Orleans East Hospital Foundation ($60k), Iianj Charitable TR ($60k) and Frends of Chillicothe Va Memorial Field ($60k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $21k against liabilities of $0, net assets of $21k.