Pidc-local Development Corporation is a 501(c)(4) organization based in Philadelphia, Pennsylvania, registered in 2011, with $8,866,630 in FY2024 revenue. CharityIndex grades it D.
Revenue (FY2024)
$8.9M
▼ 9.0% vs prior year
Community median: $184K
Expenses (FY2024)
$13.9M
Net assets
$68.1M
Employees
—
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Pidc-local Development Corporation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Pidc-local Development Corporation: 59 mo reserves · -57% margin earns a F on this criterion. See the exact thresholds →
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Pidc-local Development Corporation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Pidc-local Development Corporation: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Revenue declined from $29.9M (FY2018) to $8.9M (FY2024) across 7 reported years.
Financial snapshot
Operating margin
-56.8%
Spent more than it raised in the latest fiscal year.
Total assets
$202.8M
Total liabilities
$134.6M
Net assets
$68.1M
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $8,866,630▼9.0% | $13,901,201▼51.7% | $68,137,467▼7.0% | $202,763,846▼0.4% | 990 |
| 2023 | $9,742,512▼15.3% | $28,799,420▲1059% | $73,250,325▼20.6% | $203,539,067▼8.8% | 990 |
| 2022 | $11,504,902▲77.1% | $2,485,824▼41.1% | $92,307,233▲10.8% | $223,227,512▼2.5% | 990 |
| 2021 | $6,496,519▼52.0% | $4,218,182▼44.3% | $83,288,156▲12.6% | $228,917,209▲4.1% | 990 |
| 2020 | $13,534,095▲63.8% | $7,578,218▲11.1% | $73,980,022▲0.9% | $219,967,614▼3.2% | 990 |
| 2019 | $8,260,767▼72.4% | $6,818,285▼78.5% | $73,328,011▲3.7% | $227,173,554▼2.4% | 990 |
| 2018 | $29,914,264 | $31,729,821▲50.3% | $70,726,708▲27.1% | $232,719,709▼6.6% | 990 |
| 2011 | — | $21,107,620 | $55,642,114 | $249,055,908 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
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Data for Pidc-local Development Corporation (EIN 30-0598934) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.