Strawberry Mansion Community Development Corporation Inc

Analysis

Strawberry Mansion Community Development Corporation Inc is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in August 2014, 12 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Strawberry Mansion Community Development Corporation Inc reported income of $344k and spending of $384k, spending 112% of what it took in. Across the 2 years on record, from December 2021 to December 2022, income fell from $1.1m to $344k (-68%), an average of -68% a year. The sharpest change came in the year to December 2022, when income dropped by 68%. Over the whole period it spent 45% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Strawberry Mansion Community Development Corporation Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 62nd percentile within PA. Charities of a similar size with the same main cause include Christian County Business Development Corporation ($344k), Iaf Northwest ($344k) and Love Live Local Inc ($344k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 71% and program service revenue 29% of the total. Other salaries and wages came to $99k. At year end it held assets of $892k against liabilities of $0, net assets of $892k. It reported 5 employees.