Philadelphia Senior Center

Analysis

Philadelphia Senior Center is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in July 1963, 63 years ago. 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 June 2023, Philadelphia Senior Center reported income of $493k and spending of $198k, leaving 60% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $2.3m to $493k (-79%), an average of -32% a year. The sharpest change came in the year to June 2020, when income dropped by 77%. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Philadelphia Senior Center sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 68th percentile within PA. Charities of a similar size with the same main cause include League of Women Voters of Minnesota Education Fund Inc ($492k), Circle Inc ($493k) and Development Foundation of the North Carolina Center for the Advancemen ($492k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% of the total. At year end it held assets of $2.8m against liabilities of $8.3m, net assets of -$5.5m.