Methodist Home for Children

Analysis

Methodist Home for Children is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in April 2006, 20 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Methodist Home for Children reported income of $3.4m and spending of $3.6m, spending 105% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.9m to $3.4m (+17%), an average of +4.1% a year. Over the whole period it spent 110% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Methodist Home for Children sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 88th percentile within PA. Charities of a similar size with the same main cause include Homewoven ($3.4m), Embrace Grace Inc ($3.4m) and Adults & Childrens Alliance Inc ($3.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.9% and program service revenue 89% of the total. Other salaries and wages came to $1.1m. At year end it held assets of $1.7m against liabilities of $2.6m, net assets of -$971k. It reported 25 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.