Philadelphia Corporation for Aging

Analysis

Philadelphia Corporation for Aging is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in November 1973, 53 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Corporation for Aging reported income of $92.6m and spending of $80.9m, spending 87% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $100.5m to $92.6m (-7.9%), an average of -2.0% a year. The sharpest change came in the year to June 2022, when income rose by 22%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Philadelphia Corporation for Aging sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within PA. Charities of a similar size with the same main cause include Birch Family Services Inc ($92.3m), Step by Step Inc ($92.9m) and YMCA of Greater Charlotte ($92.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 83% and program service revenue 16% of the total. Other salaries and wages came to $24.7m. At year end it held assets of $54.1m against liabilities of $25.1m, net assets of $29.0m. It reported 478 employees.