Need in Deed

Analysis

Need in Deed is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in November 1990, 36 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 2024, Need in Deed reported income of $646k and spending of $610k, spending 94% of its income. Across the 5 years on record, from June 2020 to June 2024, income fell from $727k to $646k (-11%), an average of -2.9% a year. Over the whole period it spent 96% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Need in Deed sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 72nd percentile within PA. Charities of a similar size with the same main cause include Department of Sound ($645k), Project 1649 Inc ($646k) and Newyorkrep LLC ($645k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 91% and program service revenue 3.4% of the total. Compensation of current officers, directors and key employees was $110k (18% of expenses). Other salaries and wages came to $306k. At year end it held assets of $1.4m against liabilities of $39k, net assets of $1.4m. It reported 8 employees.