Committee of 1926

Analysis

Committee of 1926 is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in March 1953, 73 years ago. 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 March 2024, Committee of 1926 reported income of $174k and spending of $163k, spending 94% of its income. Across the 5 years on record, from March 2020 to March 2024, income fell from $175k to $174k (-0.3%), an average of -0.1% a year. The sharpest change came in the year to March 2024, when income rose by 45%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Committee of 1926 sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 48th percentile within PA. Charities of a similar size with the same main cause include M & O Housing Inc ($174k), Foundation for Litchfield School District No 12 ($174k) and W I S E Wexford Ice Skating Enterprises ($174k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 33% and program service revenue 3.4% of the total. Other salaries and wages came to $51k. At year end it held assets of $1.5m against liabilities of $4,000, net assets of $1.5m. It reported 3 employees.