Picpa Foundation for Education and Research

Analysis

Picpa Foundation for Education and Research is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in December 1986, 40 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending April 2023, Picpa Foundation for Education and Research reported income of $4.3m and spending of $5.9m, spending 137% of what it took in. Across the 4 years on record, from April 2020 to April 2023, income fell from $4.8m to $4.3m (-10%), an average of -3.5% a year. The sharpest change came in the year to April 2021, when income rose by 28%. Over the whole period it spent 104% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Picpa Foundation for Education and Research sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 90th percentile within PA. Charities of a similar size with the same main cause include Hyde Street Community Services Inc ($4.3m), Foundation for Puerto Rico Inc ($4.3m) and Clifton Adult Opportunity Center ($4.3m).

On its Form 990 for the period ending April 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $2.5m. At year end it held assets of $2.8m against liabilities of $4.0m, net assets of -$1.2m.