Junk

Analysis

Junk is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in December 1992, 34 years ago. 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, Junk reported income of $240k and spending of $256k, spending 107% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $134k to $240k (+80%), an average of +16% a year. The sharpest change came in the year to June 2020, when income rose by 142%. Over the whole period it spent 140% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Junk sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 55th percentile within PA. Charities of a similar size with the same main cause include Shadow Box Theatre Inc ($240k), Villa de Tularosa Senior Housing Inc ($240k) and Japanese Association in Charlotte ($240k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 71% and program service revenue 29% of the total. Compensation of current officers, directors and key employees was $40k (16% of expenses). At year end it held assets of $85k against liabilities of $22k, net assets of $64k. It reported 1 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.