Philadelphia Works Inc

Analysis

Philadelphia Works Inc is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in November 2000, 26 years ago. Its declared purposes cover employment, 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, Philadelphia Works Inc reported income of $67.3m and spending of $67.2m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $66.0m to $67.3m (+1.9%), an average of +0.5% a year. Over the whole period it spent 100% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Philadelphia Works Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within PA. Charities of a similar size with the same main cause include Goodwill Industries of Southern New Jersey ($66.9m), Self Help Ventures Fund ($67.7m) and Burning Man Project ($66.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $607k (0.9% of expenses). Other salaries and wages came to $5.6m. At year end it held assets of $34.9m against liabilities of $34.2m, net assets of $702k. It reported 100 employees.