Uptown Entertainment & Development Corporation

Analysis

Uptown Entertainment & Development Corporation is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in February 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 June 2024, Uptown Entertainment & Development Corporation reported income of $198k and spending of $162k, spending 82% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $106k to $198k (+87%), an average of +13% a year. The sharpest change came in the year to June 2024, when income rose by 115%. Over the whole period it spent 132% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Uptown Entertainment & Development Corporation sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 51st percentile within PA. Charities of a similar size with the same main cause include Plaza District Association ($198k), Greater Palm River Point Community Development Corporation ($198k) and Addison Rotary Foundation Inc ($198k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 71% and program service revenue 28% of the total. At year end it held assets of $1.5m against liabilities of $308k, net assets of $1.2m.