Pierce County Community Development Corporation

Analysis

Pierce County Community Development Corporation is a registered charity in United States, based in Tacoma, WA. It received its IRS tax-exemption ruling in January 1993, 33 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 December 2023, Pierce County Community Development Corporation reported income of $2.8m and spending of $1.4m, leaving 50% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.7m to $2.8m (+61%), an average of +13% a year. The sharpest change came in the year to December 2023, when income rose by 86%. Over the whole period it spent 84% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Pierce County Community Development Corporation sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within WA. Charities of a similar size with the same main cause include New American Association of Massachusetts Inc ($2.8m), Greater Miami Service Corps ($2.8m) and Leadership Training and Education Fund ($2.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% and program service revenue 9.3% of the total. Other salaries and wages came to $476k. At year end it held assets of $41.1m against liabilities of $1.2m, net assets of $39.9m.