Philadelphia Young Playwrights

Analysis

Philadelphia Young Playwrights is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in November 1987, 39 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 August 2023, Philadelphia Young Playwrights reported income of $1.1m and spending of $710k, leaving 35% of income unspent that year. Across the 5 years on record, from August 2019 to August 2023, income grew from $750k to $1.1m (+45%), an average of +9.8% a year. The sharpest change came in the year to August 2020, when income rose by 77%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Philadelphia Young Playwrights sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 78th percentile within PA. Charities of a similar size with the same main cause include Tulsa Boys Home Multiple Purpose Trust ($1.1m), Lifestat Ambulance Service Inc ($1.1m) and Cedine Bible Mission Inc ($1.1m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 90% and program service revenue 8.0% of the total. Other salaries and wages came to $332k. At year end it held assets of $1.4m against liabilities of $155k, net assets of $1.2m. It reported 16 employees.