Enterprise Center

Analysis

Enterprise Center is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in January 1991, 35 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Enterprise Center reported income of $5.2m and spending of $4.7m, spending 91% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.3m to $5.2m (+129%), an average of +23% a year. The sharpest change came in the year to June 2021, when income rose by 207%. Over the whole period it spent 57% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Enterprise Center sits at the 93rd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 91st percentile within PA. Charities of a similar size with the same main cause include Haser Inc ($5.2m), Neighboorhood Allies Inc ($5.2m) and Center for Regional Economic Competitiveness ($5.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 85% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $338k (7.1% of expenses). Other salaries and wages came to $2.3m. At year end it held assets of $18.2m against liabilities of $720k, net assets of $17.5m. It reported 45 employees.