Daily Pennsylvanian Inc

Analysis

Daily Pennsylvanian Inc is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in August 2001, 25 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Daily Pennsylvanian Inc reported income of $1.7m and spending of $967k, leaving 44% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $715k to $1.7m (+141%), an average of +24% a year. The sharpest change came in the year to June 2023, when income rose by 117%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Daily Pennsylvanian Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 83rd percentile within PA. Charities of a similar size with the same main cause include Lynn Oaks School Inc ($1.7m), Alignment Nashville Inc ($1.7m) and Bucks County Community College Foundation ($1.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 81% and program service revenue 14% of the total. Compensation of current officers, directors and key employees was $86k (8.9% of expenses). Other salaries and wages came to $334k. At year end it held assets of $4.1m against liabilities of $228k, net assets of $3.9m. It reported 13 employees.