Center in the Park Inc

Analysis

Center in the Park Inc is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in September 1974, 52 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, Center in the Park Inc reported income of $1.6m and spending of $1.5m, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.7m to $1.6m (-6.4%), an average of -1.6% a year. The sharpest change came in the year to June 2023, when income dropped by 19%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Center in the Park Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 83rd percentile within PA. Charities of a similar size with the same main cause include Sebastian Retired Citizens Assoc ($1.6m), Family Builders Foster Care Inc ($1.6m) and Foster Village Inc ($1.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% and program service revenue 1.3% of the total. Compensation of current officers, directors and key employees was $102k (6.7% of expenses). Other salaries and wages came to $623k. At year end it held assets of $1.1m against liabilities of $165k, net assets of $979k. It reported 26 employees.