Center City District Foundation

Analysis

Center City District Foundation is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in December 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 December 2023, Center City District Foundation reported income of $1.1m and spending of $1.6m, spending 147% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $832k to $1.1m (+30%), an average of +6.9% a year. The sharpest change came in the year to December 2022, when income rose by 122%. Over the whole period it spent 118% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Center City District Foundation sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 78th percentile within PA. Charities of a similar size with the same main cause include The Right Question Institute Inc ($1.1m), Appalachian Forest Heritage Area Inc ($1.1m) and In-2-Market Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 3.0% of the total. At year end it held assets of $1.1m against liabilities of $711k, net assets of $377k.

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.