The Business Center at New Covenant Campus

Analysis

The Business Center at New Covenant Campus is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in July 2001, 25 years ago. Its declared purposes cover education, which this site groups under education and training. 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 December 2023, The Business Center at New Covenant Campus reported income of $548k and spending of $403k, leaving 26% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $252k to $548k (+117%), an average of +30% a year. The sharpest change came in the year to December 2022, when income rose by 70%. Over the whole period it spent 77% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Business Center at New Covenant Campus sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 70th percentile within PA. Charities of a similar size with the same main cause include Fulton Public Library ($548k), Beyond Borders Christian School Inc ($548k) and Knappa Schools Foundation ($548k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 1.8% of the total. Compensation of current officers, directors and key employees was $129k (32% of expenses). Other salaries and wages came to $64k. It paid $6,000 in professional fundraising fees. At year end it held assets of $1.1m against liabilities of $581k, net assets of $515k. It reported 7 employees.