Philadelphia Mummers String Band New Year Association Inc

Analysis

Philadelphia Mummers String Band New Year Association Inc is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in August 2014, 12 years ago. 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 2024, Philadelphia Mummers String Band New Year Association Inc reported income of $400k and spending of $353k, spending 88% of its income. Across the 2 years on record, from June 2023 to June 2024, income grew from $320k to $400k (+25%), an average of +25% a year. The sharpest change came in the year to June 2024, when income rose by 25%. Over the whole period it spent 84% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Philadelphia Mummers String Band New Year Association Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 65th percentile within PA. Charities of a similar size with the same main cause include Pretrial Resources Center Inc ($400k), Northwest Arkansas Family Child Care Association ($400k) and North American Folk Music and Dance Alliance Inc ($400k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 6.0% and program service revenue 92% of the total. At year end it held assets of $198k against liabilities of $0, net assets of $198k.