Historic Rittenhousetown Inc

Analysis

Historic Rittenhousetown Inc is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Historic Rittenhousetown Inc reported income of $224k and spending of $211k, spending 94% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $164k to $224k (+37%), an average of +37% a year. The sharpest change came in the year to December 2023, when income rose by 37%. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Historic Rittenhousetown Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 54th percentile within PA. Charities of a similar size with the same main cause include Oklahoma Philharmonic Affiliated Fund of the Oklahoma City ($224k), Chautauqua Regional Youth Ballet Inc ($224k) and Wisconsin Music Educators Conference Inc ($224k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 58% and program service revenue 6.4% of the total. Compensation of current officers, directors and key employees was $57k (27% of expenses). Other salaries and wages came to $4,544. At year end it held assets of $326k against liabilities of $1,000, net assets of $325k. It reported 2 employees.