Park City Initiative Corporation

Analysis

Park City Initiative Corporation is a registered charity in United States, based in Bridgeport, CT. It received its IRS tax-exemption ruling in October 2003, 23 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Park City Initiative Corporation reported income of $925k and spending of $875k, spending 95% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $465k to $925k (+99%), an average of +26% a year. The sharpest change came in the year to December 2021, when income rose by 50%. Over the whole period it spent 97% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Park City Initiative Corporation sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 77th percentile within CT. Charities of a similar size with the same main cause include Willow Arms Mutual Housing Association Inc ($924k), South Main Street Housing TR Inc ($925k) and Alabama Nonprofit Housing Inc ($924k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $28k (3.2% of expenses). Other salaries and wages came to $35k. At year end it held assets of $196k against liabilities of $108k, net assets of $88k. It reported 5 employees.