Philadelphia Stories Inc

Analysis

Philadelphia Stories Inc is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in June 2005, 21 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Philadelphia Stories Inc reported income of $58k and spending of $86k, spending 148% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $49k to $58k (+19%), an average of +4.4% a year. The sharpest change came in the year to December 2023, when income dropped by 33%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Philadelphia Stories Inc sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 21st percentile within PA. Charities of a similar size with the same main cause include Hull Artists Studio Connection ($58k), McClanahan School Parents Association Inc Mpsa ($58k) and Palmdale Repertory Theatre Group ($58k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% and program service revenue 16% of the total. At year end it held assets of $62k against liabilities of $1,251, net assets of $61k.