Invest Pgh Inc
Public records show a registered, tax-exempt organization in good standing.
What it says it does
INVEST PGH IS A NONPROFIT AND COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION (CDFI) ORGANIZATION THAT AIDS SMALL BUSINESS AND AFFORDABLE HOUSING INITIATIVES THROUGHOUT THE CITY OF PITTSBURGH. (CONTINUED ON SCHEDULE O)
- Income
- $842,064
- Spending
- $858,996
- Spent on programs
- 93%
- Reserves
- 10.9 months of spending
- Largest source of income
- government grants, 62%
- Employees
- 0
- Volunteers
- 12
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Fair: 58 out of 100. Higher than 27% of charities in its peer group (community improvement, $250k to $1m).
Reserves
28 of 35Spendable reserves would cover 10.9 months of spending.
Debt
2 of 20It owes 83% of what it owns.
Living within its means
8 of 15Spending exceeded income by 2% of income.
Income trend
5 of 15Income fell 20% on the year before.
Spending floor
15 of 1593% of spending went to programs and raising each dollar of donations cost 0 cents.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Strong: 100 out of 100. Higher than 92% of charities in its peer group (community improvement, $250k to $1m).
Independent board
25 of 255 of 5 voting board members are independent.
Conflict of interest policy
15 of 15Has a written conflict of interest policy.
Whistleblower policy
8 of 8Has a written whistleblower policy.
Record keeping policy
7 of 7Has a written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
10 of 10Gave the board a copy of this return before filing it.
Independent check of accounts
15 of 15Its accounts were audited by an independent accountant.
No reported misuse
10 of 10Reports no diversion of assets, excess benefits or loans to insiders.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (2)
- $801,703 spent. INVEST PGH AIMS TO PROVIDE SMALL BUSINESS LENDING IN THE CITY OF PITTSBURGH. UNDER ITS MICROENTERPRISE AND ABEL LOAN PROGRAMS, THE ORGANIZATION EXECUTED SEVERAL LOANS WITH VARIOUS BORROWERS WITH ORIGINAL PRINCIPAL AMOUNTS VARYING BETWEEN 5,000 AND 150,000. UNDER ITS CRIB LOAN PROGRAM, THE ORGANIZATION EXECUTED SEVERAL LOANS WITH VARIOUS BORROWERS WITH ORIGINAL PRINCIPAL AMOUNTS VARYING BETWEEN 5,000 AND 25,000.
- LINE 1, BRIEFLY DESCRIBE THE ORGANIZATION'S MISSION (CONTINUED): CREATED IN 2020, INVEST PGH SEEKS TO FUNDRAISE AND PROVIDE CAPITAL AND TECHNICAL ASSISTANCE FOR SMALL BUSINESSES. INVEST PGH'S MICRO-ENTERPRISE LOAN PROGRAMS PROVIDE FUNDS FOR MICRO-BORROWERS TO START UP OR EXPAND THEIR BUSINESSES THROUGHOUT PITTSBURGH. IT ALSO SERVES AS A CLEARINGHOUSE FOR RESOURCES AND TOOLS FOR THESE SMALL BUSINESSES. INVEST PGH ALSO AIMS TO PRESERVE AFFORDABLE HOUSING UNITS IN THE PITTSBURGH REGION AND CREATE AFFORDABLE HOMEOWNERSHIP OPPORTUNITIES THROUGH LENDING SUPPORT TO THE COMMUNITY AND SOCIALLY-DRIVEN DEVELOPERS.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated November 6, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending December 2024.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since August 2020.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated November 4, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.