P G H Development Corporation

Analysis

P G H Development Corporation is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in November 1989, 37 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, P G H Development Corporation reported income of $741k and spending of $1.3m, spending 178% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $926k to $741k (-20%), an average of -5.4% a year. The sharpest change came in the year to June 2023, when income dropped by 18%. Over the whole period it spent 164% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, P G H Development Corporation sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 74th percentile within PA. Charities of a similar size with the same main cause include Medical Loan Closet of Wichita Inc ($741k), Greater Lenox Ambulance Service Inc ($741k) and Health Hub SF ($741k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $8.3m against liabilities of $146k, net assets of $8.1m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.