Philippian Gardens Incorporated

Analysis

Philippian Gardens Incorporated is a registered charity in United States, based in Phila, PA. It received its IRS tax-exemption ruling in July 1991, 35 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 December 2023, Philippian Gardens Incorporated reported income of $450k and spending of $529k, spending 118% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $413k to $450k (+8.9%), an average of +2.2% a year. Over the whole period it spent 122% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Philippian Gardens Incorporated sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 67th percentile within PA. Charities of a similar size with the same main cause include Ahepa 60 Inc ($450k), Broadway Terrace Corporation ($450k) and RVM Housing Corporation ($450k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 57% and program service revenue 42% of the total. Compensation of current officers, directors and key employees was $62k (12% of expenses). Other salaries and wages came to $56k. At year end it held assets of $1.3m against liabilities of $43k, net assets of $1.2m. It reported 8 employees.

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.