The College Settlement of Philadelphia

Analysis

The College Settlement of Philadelphia is a registered charity in United States, based in Horsham, PA. It received its IRS tax-exemption ruling in December 1947, 79 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, The College Settlement of Philadelphia reported income of $1.2m and spending of $1.8m, spending 148% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.6m to $1.2m (-24%), an average of -6.8% a year. The sharpest change came in the year to December 2023, when income dropped by 46%. Over the whole period it spent 78% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, The College Settlement of Philadelphia sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 80th percentile within PA. Charities of a similar size with the same main cause include One Heartland Inc ($1.2m), LA Grange Celtics Sports Foundation ($1.2m) and Rochester Fringe Festival Inc ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 54% and program service revenue 18% of the total. Other salaries and wages came to $489k. At year end it held assets of $12.3m against liabilities of $295k, net assets of $12.0m. It reported 39 employees.