University City District

Analysis

University City District is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in November 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, University City District reported income of $10.3m and spending of $11.4m, spending 110% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $9.3m to $10.3m (+11%), an average of +2.5% a year. The sharpest change came in the year to June 2022, when income rose by 33%. Over the whole period it spent 104% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, University City District sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 94th percentile within PA. Charities of a similar size with the same main cause include Managed Health Resources Inc ($10.3m), Rural Development Institute ($10.4m) and Nashville District Management Corporation Inc ($10.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 68% and program service revenue 31% of the total. Compensation of current officers, directors and key employees was $387k (3.4% of expenses). Other salaries and wages came to $2.6m. At year end it held assets of $11.4m against liabilities of $3.3m, net assets of $8.0m. It reported 46 employees.