Comcast Spectacor Charities

Analysis

Comcast Spectacor Charities is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in April 1988, 38 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, Comcast Spectacor Charities reported income of $1.7m and spending of $1.4m, spending 87% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.5m to $1.7m (+14%), an average of +3.4% a year. The sharpest change came in the year to June 2022, when income rose by 116%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Comcast Spectacor Charities sits at the 83rd percentile: it is larger than about 83% 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 Trustees of Purdue University ($1.7m), Progressive Adult Rehabilitation Center Incorporated ($1.7m) and Sportmens Club of Fort Worth ($1.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 23% of the total. Other salaries and wages came to $337k. At year end it held assets of $3.2m against liabilities of $592k, net assets of $2.6m. It reported 1 employees.