Germantown Life Enrichment Center

Analysis

Germantown Life Enrichment Center is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in May 2019, 7 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 December 2023, Germantown Life Enrichment Center reported income of $827k and spending of $1.0m, spending 124% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $905k to $827k (-8.5%), an average of -2.2% a year. The sharpest change came in the year to December 2023, when income rose by 21%. Over the whole period it spent 140% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Germantown Life Enrichment Center sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 75th percentile within PA. Charities of a similar size with the same main cause include Lake Bowen Church Child Development Center ($827k), Tiny Tykes Child Care Center Ltd ($827k) and Cox Employee Relief Fund Inc ($827k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 6.3% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $100k (9.8% of expenses). Other salaries and wages came to $305k. At year end it held assets of $998k against liabilities of $4.2m, net assets of -$3.2m. It reported 47 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.