Kimmel Center Inc

Analysis

Kimmel Center Inc is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in May 1997, 29 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 August 2023, Kimmel Center Inc reported income of $13.4m and spending of $15.9m, spending 119% of what it took in. Across the 6 years on record, from June 2019 to August 2023, income fell from $51.7m to $13.4m (-74%), an average of -24% a year. The sharpest change came in the year to June 2022, when income rose by 612%. Over the whole period it spent 104% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Kimmel Center Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within PA. Charities of a similar size with the same main cause include American Philosophical Society ($13.3m), Pioneer Works Art Foundation ($13.4m) and Tampa Bay Performing Arts Center Foundation Inc ($13.3m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 3.6% and program service revenue 88% of the total. Other salaries and wages came to $2.6m. At year end it held assets of $264.4m against liabilities of $30.9m, net assets of $233.5m.