Roxborough Development Corporation

Analysis

Roxborough Development Corporation is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in August 2000, 26 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, Roxborough Development Corporation reported income of $793k and spending of $802k, spending 101% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $651k to $793k (+22%), an average of +6.8% a year. The sharpest change came in the year to June 2022, when income rose by 22%. Over the whole period it spent 98% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Roxborough Development Corporation sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 75th percentile within PA. Charities of a similar size with the same main cause include Keep Middlesex Moving Inc ($793k), Helzberg Entrepreneurial Mentoring Program ($793k) and New Bedford Ocean Cluster Inc ($793k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 24% and program service revenue 76% of the total. Compensation of current officers, directors and key employees was $170k (21% of expenses). Other salaries and wages came to $48k. At year end it held assets of $1.6m against liabilities of $170k, net assets of $1.5m. It reported 4 employees.