The Philadelphia Protestant Home

Analysis

The Philadelphia Protestant Home is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in May 1938, 88 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, The Philadelphia Protestant Home reported income of $32.2m and spending of $32.9m, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $32.7m to $32.2m (-1.5%), an average of -0.4% a year. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The Philadelphia Protestant Home sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within PA. Charities of a similar size with the same main cause include Care for the Homeless Inc ($32.1m), YMCA of Greenville ($32.3m) and Wellnest Emotional Health & Wellness ($32.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.5% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $394k (1.2% of expenses). Other salaries and wages came to $15.7m. At year end it held assets of $55.9m against liabilities of $25.3m, net assets of $30.5m. It reported 594 employees.