Philomusica of Delaware Valley

Analysis

Philomusica of Delaware Valley is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in March 1986, 40 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, Philomusica of Delaware Valley reported income of $84k and spending of $74k, spending 88% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $42k to $84k (+98%), an average of +98% a year. The sharpest change came in the year to June 2023, when income rose by 98%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Philomusica of Delaware Valley sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 31st percentile within PA. Charities of a similar size with the same main cause include California Federation of Womens Clubs ($84k), Zell Miller Foundation Inc ($84k) and Wednesday Club Inc ($84k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 81% and program service revenue 19% of the total. At year end it held assets of $78k against liabilities of $0, net assets of $78k.