East Passyunk Avenue Business Improvement District Inc

Analysis

East Passyunk Avenue Business Improvement District Inc is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in August 2004, 22 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, East Passyunk Avenue Business Improvement District Inc reported income of $451k and spending of $426k, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $326k to $451k (+38%), an average of +8.4% a year. The sharpest change came in the year to December 2023, when income rose by 45%. Over the whole period it spent 103% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, East Passyunk Avenue Business Improvement District Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 67th percentile within PA. Charities of a similar size with the same main cause include Parks Foundation of Islip Town Inc ($451k), Mount Washington Community Development Corporation ($451k) and Central Region Innovation and Commercialization Center Inc ($451k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $75k (18% of expenses). At year end it held assets of $312k against liabilities of $38k, net assets of $274k.