Ogontz Avenue Revitalization Corp

Analysis

Ogontz Avenue Revitalization Corp is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in March 1986, 40 years ago. 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 June 2023, Ogontz Avenue Revitalization Corp reported income of $2.3m and spending of $2.2m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.3m to $2.3m (+2.5%), an average of +0.6% a year. The sharpest change came in the year to June 2020, when income rose by 33%. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Ogontz Avenue Revitalization Corp sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 86th percentile within PA. Charities of a similar size with the same main cause include Bay Foundation of Morro Bay California San Luis Obispo County ($2.3m), Miracle Farm Inc ($2.3m) and New Jersey Coalition Against Sexual Assault ($2.3m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $285k (13% of expenses). Other salaries and wages came to $133k. At year end it held assets of $16.0m against liabilities of $7.4m, net assets of $8.6m. It reported 6 employees.