Reading Terminal Market Corporation

Analysis

Reading Terminal Market Corporation is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in October 1994, 32 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Reading Terminal Market Corporation reported income of $6.5m and spending of $6.2m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.8m to $6.5m (+12%), an average of +3.0% a year. The sharpest change came in the year to June 2023, when income rose by 23%. Over the whole period it spent 95% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Reading Terminal Market Corporation sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 92nd percentile within PA. Charities of a similar size with the same main cause include Giant Community Fund ($6.5m), Shasta Regional Community Foundation ($6.5m) and Community Services Foundation ($6.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 15% and program service revenue 82% of the total. Other salaries and wages came to $1.0m. At year end it held assets of $10.7m against liabilities of $5.4m, net assets of $5.3m. It reported 44 employees.