Philadelphia University

Analysis

Philadelphia University is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in August 1952, 74 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Philadelphia University reported income of $163.5m and spending of $173.5m, spending 106% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $152.2m to $163.5m (+7.4%), an average of +1.8% a year. Over the whole period it spent 104% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Philadelphia University sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 99th percentile within PA. Charities of a similar size with the same main cause include Brooklyn Public Library ($163.2m), Queens Borough Public Library ($163.6m) and John Carroll University ($162.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.0% and program service revenue 97% of the total. Other salaries and wages came to $46.7m. At year end it held assets of $203.5m against liabilities of $120.5m, net assets of $82.9m. It reported 1,233 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.