Old Mans Home of Philadelphia

Analysis

Old Mans Home of Philadelphia is a registered charity in United States, based in Collegeville, PA. It received its IRS tax-exemption ruling in February 1935, 91 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Old Mans Home of Philadelphia reported income of $21.3m and spending of $39.4m, spending 185% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $19.8m to $21.3m (+7.4%), an average of +1.8% a year. The sharpest change came in the year to June 2022, when income rose by 26%. Over the whole period it spent 117% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Old Mans Home of Philadelphia sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within PA. Charities of a similar size with the same main cause include Brooklyn Chinese-American Association Inc ($21.2m), Sourcewise ($21.3m) and All Church Home for Children Foundation ($21.2m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 19% of the total. Other salaries and wages came to $3.6m. At year end it held assets of $7.0m against liabilities of $3.3m, net assets of $3.7m. It reported 215 employees.