Mt Airy Community Services Corporation

Analysis

Mt Airy Community Services Corporation is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in February 1978, 48 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Mt Airy Community Services Corporation reported income of $465k and spending of $446k, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $505k to $465k (-8.1%), an average of -2.1% a year. The sharpest change came in the year to June 2022, when income rose by 269%. Over the whole period it spent 97% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Mt Airy Community Services Corporation 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 69th percentile, and in the 67th percentile within PA. Charities of a similar size with the same main cause include Michigan Economic Developers Association ($464k), Franklin Noon Rotary Charitable Foundation Inc ($465k) and Albemarle Downtown Development Corp ($464k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 21% and program service revenue 78% of the total. Other salaries and wages came to $104k. At year end it held assets of $418k against liabilities of $93k, net assets of $325k. It reported 10 employees.