The Salvation Army Ivy Residence Inc

Analysis

The Salvation Army Ivy Residence Inc is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in November 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 September 2023, The Salvation Army Ivy Residence Inc reported income of $1.1m and spending of $1.4m, spending 123% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.0m to $1.1m (+11%), an average of +2.8% a year. The sharpest change came in the year to September 2023, when income rose by 18%. Over the whole period it spent 138% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The Salvation Army Ivy Residence Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 79th percentile within PA. Charities of a similar size with the same main cause include Boys and Girls Club of Assabet Valley Inc ($1.1m), Jubilee Ministries ($1.1m) and Morristown After School Program ($1.1m).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 83% of the total. Other salaries and wages came to $248k. At year end it held assets of $11.2m against liabilities of $16.8m, net assets of -$5.7m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.