Eastern North Philadelphia Workforce Development Corporation

Analysis

Eastern North Philadelphia Workforce Development Corporation is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in October 1999, 27 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 June 2023, Eastern North Philadelphia Workforce Development Corporation reported income of $5.0m and spending of $4.8m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.4m to $5.0m (+14%), an average of +3.4% a year. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Eastern North Philadelphia Workforce Development Corporation sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 91st percentile within PA. Charities of a similar size with the same main cause include Sco Foundation ($5.0m), Mill Hill Child and Family Development Corporation ($5.0m) and Florida Independence Training & Education Center Inc ($5.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% of the total. Compensation of current officers, directors and key employees was $175k (3.7% of expenses). Other salaries and wages came to $2.3m. At year end it held assets of $1.9m against liabilities of $1.6m, net assets of $350k. It reported 63 employees.