Swarthmore Town Center

Analysis

Swarthmore Town Center is a registered charity in United States, based in Swarthmore, PA. It received its IRS tax-exemption ruling in September 2019, 7 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, Swarthmore Town Center reported income of $124k and spending of $96k, leaving 23% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $54k to $124k (+132%), an average of +52% a year. The sharpest change came in the year to December 2022, when income rose by 93%. Over the whole period it spent 88% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Swarthmore Town Center sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 40th percentile within PA. Charities of a similar size with the same main cause include H Street Finance Corporation ($124k), Lolc Endowment ($124k) and New Galilee Community Foundation ($124k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 45% and program service revenue 55% of the total. At year end it held assets of $61k against liabilities of $0, net assets of $61k.