Philadelphia Student Union

Analysis

Philadelphia Student Union is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in October 1995, 31 years ago. Its declared purposes cover employment, 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 June 2022, Philadelphia Student Union reported income of $716k and spending of $456k, leaving 36% of income unspent that year. Across the 3 years on record, from June 2020 to June 2022, income fell from $837k to $716k (-14%), an average of -7.5% a year. The sharpest change came in the year to June 2022, when income rose by 124%. Over the whole period it spent 66% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Philadelphia Student Union sits at the 73rd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 74th percentile within PA. Charities of a similar size with the same main cause include Project Fine Inc ($716k), Consortium for Ongoing Reinvestment Efforts ($717k) and Sova Innovation Hub Corporation ($716k).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 95% of the total. Compensation of current officers, directors and key employees was $67k (15% of expenses). Other salaries and wages came to $127k. At year end it held assets of $832k against liabilities of $18k, net assets of $814k. It reported 16 employees.