Port Richmond Industrial Development Enterprise Inc

Analysis

Port Richmond Industrial Development Enterprise Inc is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in October 2002, 24 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 December 2023, Port Richmond Industrial Development Enterprise Inc reported income of $69k and spending of $39k, leaving 43% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $89k to $69k (-22%), an average of -6.2% a year. The sharpest change came in the year to December 2020, when income dropped by 29%. Over the whole period it spent 57% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Port Richmond Industrial Development Enterprise Inc sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 25th percentile within PA. Charities of a similar size with the same main cause include Wharf District Council Inc ($69k), Blanchardville Community Pride Inc ($69k) and Kiwanis Club of Alcoa Tennessee Foundation Inc ($69k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $178k against liabilities of $0, net assets of $178k.