Philadelphia Yearly Meeting of Friends

Analysis

Philadelphia Yearly Meeting of Friends is a registered charity in United States, based in Plymouth MTNG, PA. It received its IRS tax-exemption ruling in December 1999, 27 years ago. 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 July 2020, Philadelphia Yearly Meeting of Friends reported income of $2.6m and spending of $2.8m, spending 107% of what it took in. Across the 2 years on record, from July 2019 to July 2020, income fell from $3.0m to $2.6m (-13%), an average of -13% a year. Over the whole period it spent 105% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Philadelphia Yearly Meeting of Friends sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 87th percentile within PA. Charities of a similar size with the same main cause include Central Community House of Columbus Inc ($2.6m), Southgate Properties ($2.6m) and Dystrophic Epidermolysis Bullosa Research Assn of America Inc ($2.6m).

On its Form 990 for the period ending July 2020, revenue came from contributions and grants 18% and program service revenue 80% of the total. Other salaries and wages came to $1.1m. At year end it held assets of $3.4m against liabilities of $935k, net assets of $2.5m. It reported 51 employees.