1850 N Croskey Developmentcorporation

Analysis

1850 N Croskey Developmentcorporation is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in March 2008, 18 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, 1850 N Croskey Developmentcorporation reported income of $281k and spending of $388k, spending 138% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $249k to $281k (+13%), an average of +3.1% a year. The sharpest change came in the year to December 2022, when income dropped by 30%. Over the whole period it spent 130% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, 1850 N Croskey Developmentcorporation sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 58th percentile within PA. Charities of a similar size with the same main cause include Hosts for Hospitals ($281k), Boston Public Housing Corporation ($281k) and Shadagee Seniors Housing Corporation ($281k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% and program service revenue 13% of the total. At year end it held assets of $1.7m against liabilities of $2.4m, net assets of -$688k.

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.