Philadelphia AIDS Thrift

Analysis

Philadelphia AIDS Thrift is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in January 2006, 20 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 August 2023, Philadelphia AIDS Thrift reported income of $2.0m and spending of $2.1m, spending 105% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $1.6m to $2.0m (+26%), an average of +6.0% a year. The sharpest change came in the year to August 2021, when income rose by 54%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Philadelphia AIDS Thrift sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 84th percentile within PA. Charities of a similar size with the same main cause include Emergency Support Shelter ($2.0m), Franklin County Dial Self Inc ($2.0m) and Hospice of Marthas Vineyard Inc ($2.0m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 3.3% of the total. Other salaries and wages came to $855k. At year end it held assets of $2.7m against liabilities of $931k, net assets of $1.8m. It reported 41 employees.