Ben Franklin Technology Center of Southeastern Pennsylvania

Analysis

Ben Franklin Technology Center of Southeastern Pennsylvania is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in July 1989, 37 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Ben Franklin Technology Center of Southeastern Pennsylvania reported income of $8.8m and spending of $12.7m, spending 145% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $15.5m to $8.8m (-43%), an average of -13% a year. The sharpest change came in the year to June 2020, when income dropped by 48%. Over the whole period it spent 86% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Ben Franklin Technology Center of Southeastern Pennsylvania sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 93rd percentile within PA. Charities of a similar size with the same main cause include Colorado Fund for People with Disabilities Trust ($8.8m), Mayors Youth Empowerment Program ($8.8m) and Berks Community Action Program Inc ($8.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 80% and program service revenue 22% of the total. Compensation of current officers, directors and key employees was $1.2m (9.4% of expenses). Other salaries and wages came to $3.6m. At year end it held assets of $109.5m against liabilities of $20.7m, net assets of $88.8m. It reported 38 employees.