Philadelphia Waldorf Initiative Inc

Analysis

Philadelphia Waldorf Initiative Inc is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in October 1996, 30 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Philadelphia Waldorf Initiative Inc reported income of $4.1m and spending of $4.3m, spending 106% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $4.2m to $4.1m (-2.9%), an average of -0.7% a year. Over the whole period it spent 98% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Philadelphia Waldorf Initiative Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 89th percentile within PA. Charities of a similar size with the same main cause include Leaves Inc ($4.1m), St Joseph Real Estate Services Corporation ($4.1m) and Chabad of Columbus ($4.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 6.4% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $186k (4.3% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $1.9m against liabilities of $444k, net assets of $1.4m.