Center Park II Inc

Analysis

Center Park II Inc is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in June 2000, 26 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Center Park II Inc reported income of $610k and spending of $627k, spending 103% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $497k to $610k (+23%), an average of +5.2% a year. Over the whole period it spent 114% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Center Park II Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 71st percentile within PA. Charities of a similar size with the same main cause include TG 306 Inc ($609k), Habitat for Humanity International Inc ($610k) and Mhany Stella Heights Housing Development Fund Corporation ($609k).

On its Form 990 for the period ending August 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $130k. At year end it held assets of $3.9m against liabilities of $127k, net assets of $3.7m. It reported 12 employees.

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.