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Pidc Community Capital
Pidc Community Capital reported $26.0 million in revenue and $22.1 million in expenses for calendar year 2024. Of every $100 it spent, $98.79 went to program services, $1.21 to management and general costs and $0.00 to fundraising. Its largest source of revenue was contributions and grants: 78.9% of the total. Government grants made up 9.9%. The highest compensation it reported for one person was $383,179 (PRESIDENT). Revenue rose 417% between 2019 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $22MFor context, the median across 479 covered community improvement & capacity building charities: $90.45 programs, $9.31 management, $0.24 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2024 · Form 990, Part VIII · total revenue $26MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 98.8% | 89.1% |
| Management & general Part IX 25(C) ÷ 25(A) | 1.2% | 9.2% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.0% | 0.2% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.00 | $0.00 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 78.9% | 80.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 9.9% | 14.9% |
| Program service revenue share Part VIII 2g ÷ 12 | 12.0% | 11.9% |
| Highest reported compensation Part VII-A, columns D–F | $383,179 | $291,103 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 1.73% | 1.49% |
| People paid over $100,000 Part VII, line 2 | 0 | 5 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 23.4 | 9.2 |
| Independent voting board members Part VI 1a–1b | 4 of 4 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
2024 · Form 990, Part III · the three largest programs by expenseSee schedule onew markets tax credit (nmtc) program:pidc cc supports high impact, transformational projects through thenmtc program. The nmtc program is a federal tax credit programdesigned to generate private-sector capital investment in low-incomeareas. The program permits individual and corporate taxpayers toreceive credit against their federal income taxes for making qualifiedequity investments in projects that finance community development,stimulate growth and create jobs.pidc allocated $32.5m of new market tax credits to four high-impactprojects in philadelphia. The nmtc program is a US…
See schedule osupporting growing businesses:pidc cc invests flexible, affordable capital in growing localbusinesses the backbone of our economy because they create jobs,build wealth for entrepreneurs and stabilize neighborhoods. Through avariety of funding resources, educational programs, and one-on-onetechnical support, pidc fills critical gaps for business owners andnonprofit leaders who lack access to traditional capital. In addition,pidc cc supports developers producing transformative projects that havea positive, lasting impact across the city providing jobs, services,and amenities. Pidc…
Highest reported compensation
2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| PRESIDENT Officer, 7.50 hrs/week | $0 | $341,169 | $42,010 | $383,179 |
| EXECUTIVE VICE PRESIDENT Officer, 7.50 hrs/week | $0 | $290,738 | $53,376 | $344,114 |
| SENIOR VICE PRESIDENT Director/trustee, 7.50 hrs/week | $0 | $217,906 | $13,214 | $231,120 |
| SENIOR VICE PRESIDENT Officer, 17.50 hrs/week | $0 | $161,188 | $68,899 | $230,087 |
| VICE PRESIDENT Director/trustee, 7.50 hrs/week | $0 | $159,308 | $29,673 | $188,981 |
| EVP & CFO (START 9/2025) Officer, 8.50 hrs/week | $0 | $54,743 | $5,101 | $59,844 |
0 people received more than $100,000 in reportable compensation from Pidc Community Capital (Part VII, line 2).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b4 · 4 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aNo
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 50
- Volunteers Part I, line 64
Private foundation grants it received
3 private foundations reported grants to Pidc Community Capital totaling $180K on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Pidc Community Capital's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Pidc Community Capital, you can publish a response that is linked from this page.
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Of every $100 Pidc Community Capital spent in 2024, $98.79 went to programs. The full breakdown, from its IRS Form 990:
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Questions people ask
How much of Pidc Community Capital's spending goes to programs?
In calendar year 2024, Pidc Community Capital reported that 98.8% of its $22.1 million in expenses went to program services, 1.2% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does Pidc Community Capital pay its top executive?
The largest total compensation Pidc Community Capital reported for one person in calendar year 2024 was $383,179, for the role of PRESIDENT (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Pidc Community Capital get its money?
Of $26.0 million in revenue in calendar year 2024, 78.9% came from contributions and grants (including 9.9% from government grants) and 12.0% from program service revenue (Form 990, Part VIII).
Is Pidc Community Capital a registered charity?
The IRS lists EIN 23-2889102 as a 501(c)(3) organization (supporting organization (509(a)(3))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2024: Form 990 for calendar year 2024, object 202533219349309758 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202433209349325253 · read the filing
- 2022: Form 990 for calendar year 2022, object 202313129349305181 · read the filing
- 2021: Form 990 for calendar year 2021, object 202213199349328151 · read the filing
- 2020: Form 990 for calendar year 2020, object 202103169349306020 · read the filing
- 2019: Form 990 for calendar year 2019, object 202033219349322758 · read the filing
All filings for EIN 23-2889102: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.