Business Association of West Parkside

Analysis

Business Association of West Parkside is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in September 2022, 4 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, Business Association of West Parkside reported income of $226k and spending of $221k, spending 98% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $141k to $226k (+60%), an average of +26% a year. The sharpest change came in the year to December 2022, when income rose by 38%. Over the whole period it spent 96% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Business Association of West Parkside sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 54th percentile within PA. Charities of a similar size with the same main cause include The Manchester Citizens Corporation ($226k), Hostel Detroit ($226k) and Timberline Adult Day Services ($226k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 6.5% of the total. Other salaries and wages came to $148k. At year end it held assets of $47k against liabilities of $250, net assets of $47k. It reported 11 employees.