Schuylkill River Development Corporation

Analysis

Schuylkill River Development Corporation is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in June 1992, 34 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, Schuylkill River Development Corporation reported income of $2.3m and spending of $3.1m, spending 131% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $5.4m to $2.3m (-56%), an average of -19% a year. The sharpest change came in the year to June 2022, when income dropped by 59%. Over the whole period it spent 90% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Schuylkill River Development Corporation sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 86th percentile within PA. Charities of a similar size with the same main cause include Salinas Public Facilities Inc ($2.3m), Brown Hope ($2.3m) and Central Oregon Locavore ($2.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% and program service revenue 0.2% of the total. Compensation of current officers, directors and key employees was $281k (9.1% of expenses). Other salaries and wages came to $283k. At year end it held assets of $9.7m against liabilities of $855k, net assets of $8.9m. It reported 5 employees.