University City Arts League Inc

Analysis

University City Arts League Inc is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in July 1974, 52 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 August 2023, University City Arts League Inc reported income of $493k and spending of $621k, spending 126% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income grew from $487k to $493k (+1.4%), an average of +0.3% a year. The sharpest change came in the year to August 2022, when income rose by 68%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, University City Arts League Inc 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 Shoreline-Lake Forest Park Arts Council ($493k), Association of International Marathons and Road Races ($494k) and The Foundation for Muskegon Community College Inc ($493k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 18% and program service revenue 77% of the total. Compensation of current officers, directors and key employees was $64k (10% of expenses). Other salaries and wages came to $119k. At year end it held assets of $320k against liabilities of $88k, net assets of $232k. It reported 10 employees.