Patrician Society of Central Norristown

Analysis

Patrician Society of Central Norristown is a registered charity in United States, based in Norristown, PA. It received its IRS tax-exemption ruling in December 1984, 42 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 December 2023, Patrician Society of Central Norristown reported income of $1.4m and spending of $1.3m, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $619k to $1.4m (+123%), an average of +22% a year. The sharpest change came in the year to December 2023, when income rose by 56%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Patrician Society of Central Norristown 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 83rd percentile, and in the 81st percentile within PA. Charities of a similar size with the same main cause include Bay County Child and Senior Citizen Center Inc ($1.4m), Association of Group Homes for Nodaway County Inc ($1.4m) and Paul Carlson Medical Program Inc ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% of the total. Compensation of current officers, directors and key employees was $73k (5.6% of expenses). Other salaries and wages came to $114k. At year end it held assets of $843k against liabilities of $0, net assets of $843k. It reported 7 employees.