North Philadelphia Financial Partnership

Analysis

North Philadelphia Financial Partnership is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in June 1997, 29 years ago. Its declared purposes cover community improvement and capacity building, 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 2023, North Philadelphia Financial Partnership reported income of $1.4m and spending of $678k, leaving 53% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $701k to $1.4m (+104%), an average of +20% a year. The sharpest change came in the year to June 2021, when income rose by 269%. Over the whole period it spent 57% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, North Philadelphia Financial Partnership sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 81st percentile within PA. Charities of a similar size with the same main cause include Wilkes Economic Development Corporation ($1.4m), LA Frontera Partners Inc ($1.4m) and St Mark Methodist Church Housing Foundation Inc ($1.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 77% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $215k (32% of expenses). Other salaries and wages came to $119k. At year end it held assets of $8.1m against liabilities of $744k, net assets of $7.4m. It reported 3 employees.