Old City Community Fund

Analysis

Old City Community Fund is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in September 2003, 23 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, Old City Community Fund reported income of $161k and spending of $110k, leaving 31% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $225k to $161k (-29%), an average of -8.1% a year. The sharpest change came in the year to December 2020, when income dropped by 33%. Over the whole period it spent 62% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Old City Community Fund sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 46th percentile within PA. Charities of a similar size with the same main cause include Urban Dream Chasers ($161k), Trinity Center for Urban Life ($161k) and Southeastern Efforts Developing Sustainable Spaces Inc ($161k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 62% and program service revenue 34% of the total. At year end it held assets of $502k against liabilities of $18k, net assets of $484k.