Historic Philadelphia Inc

Analysis

Historic Philadelphia Inc is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in September 1994, 32 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 March 2023, Historic Philadelphia Inc reported income of $4.4m and spending of $3.7m, spending 86% of its income. Across the 5 years on record, from March 2019 to March 2023, income fell from $4.8m to $4.4m (-9.0%), an average of -2.3% a year. The sharpest change came in the year to March 2022, when income rose by 55%. Over the whole period it spent 90% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Historic Philadelphia Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 90th percentile within PA. Charities of a similar size with the same main cause include Welcome America Inc ($4.4m), Omaha Theater Company ($4.4m) and Mid Atlantic Center for the Arts ($4.4m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 42% and program service revenue 52% of the total. Compensation of current officers, directors and key employees was $177k (4.7% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $5.0m against liabilities of $1.7m, net assets of $3.3m. It reported 89 employees.