Philadelphia Holocaust Remembrance Foundation Inc

Analysis

Philadelphia Holocaust Remembrance Foundation Inc is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in July 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 Holocaust Remembrance Foundation Inc reported income of $457k and spending of $828k, spending 181% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.2m to $457k (-79%), an average of -32% a year. The sharpest change came in the year to December 2022, when income rose by 88%. Over the whole period it spent 97% 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 Holocaust Remembrance Foundation Inc sits at the 76th percentile: it is larger than about 76% 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 Bridge View School of Fine Arts ($457k), Pavek Museum ($457k) and Hudson River Music Hall Productions ($456k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 76% of the total. Compensation of current officers, directors and key employees was $257k (31% of expenses). At year end it held assets of $6.5m against liabilities of $9,307, net assets of $6.5m. It reported 2 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.