Preservation Alliance for Greater Philadelphia

Analysis

Preservation Alliance for Greater Philadelphia is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in September 1979, 47 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 December 2023, Preservation Alliance for Greater Philadelphia reported income of $1.6m and spending of $931k, leaving 42% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.0m to $1.6m (+56%), an average of +12% a year. The sharpest change came in the year to December 2023, when income rose by 79%. Over the whole period it spent 81% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Preservation Alliance for Greater Philadelphia sits at the 90th percentile: it is larger than about 90% 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 Wayne Theatre Alliance Inc ($1.6m), Venice Arts ($1.6m) and Philadelphia Dance Company ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 3.4% of the total. Compensation of current officers, directors and key employees was $187k (20% of expenses). Other salaries and wages came to $273k. At year end it held assets of $1.9m against liabilities of $438k, net assets of $1.5m. It reported 12 employees.