A Better Chance in Lower Merion Inc

Analysis

A Better Chance in Lower Merion Inc is a registered charity in United States, based in Ardmore, PA. It received its IRS tax-exemption ruling in December 1973, 53 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, A Better Chance in Lower Merion Inc reported income of $425k and spending of $312k, leaving 27% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $178k to $425k (+139%), an average of +24% a year. The sharpest change came in the year to June 2022, when income rose by 157%. Over the whole period it spent 66% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, A Better Chance in Lower Merion Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 66th percentile within PA. Charities of a similar size with the same main cause include International Society of Air Safety Investigators ($425k), Oak House ($425k) and Silver City Mainstreet Project ($425k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 93% of the total. Other salaries and wages came to $102k. At year end it held assets of $1.3m against liabilities of $5,085, net assets of $1.3m. It reported 5 employees.