Tenth Memorial Nonprofit Development Corporation

Analysis

Tenth Memorial Nonprofit Development Corporation is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in August 1984, 42 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, Tenth Memorial Nonprofit Development Corporation reported income of $1.0m and spending of $1.0m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $939k to $1.0m (+10%), an average of +2.4% a year. Over the whole period it spent 99% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Tenth Memorial Nonprofit Development Corporation sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 78th percentile within PA. Charities of a similar size with the same main cause include TG 110 Inc ($1.0m), Philly Seeds Inc ($1.0m) and Sandywoods Homes Inc ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $147k. At year end it held assets of $1.5m against liabilities of $4.2m, net assets of -$2.7m.