The Jerry Segal Classic

Analysis

The Jerry Segal Classic is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in February 1996, 30 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, The Jerry Segal Classic reported income of $209k and spending of $230k, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $850k to $209k (-75%), an average of -30% a year. The sharpest change came in the year to December 2021, when income rose by 114%. Over the whole period it spent 93% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The Jerry Segal Classic sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 52nd percentile within PA. Charities of a similar size with the same main cause include Centro Comunitario Rvda Ines J Figueroa Inc ($209k), Childrens Global Alliance ($209k) and St George Community Development Corporation ($209k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $143k against liabilities of $0, net assets of $143k.