Simpson Mid-Town Inc

Analysis

Simpson Mid-Town Inc is a registered charity in United States, based in Bala Cynwyd, PA. It received its IRS tax-exemption ruling in February 2002, 24 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 December 2023, Simpson Mid-Town Inc reported income of $394k and spending of $610k, spending 155% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $355k to $394k (+11%), an average of +2.6% a year. Over the whole period it spent 153% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Simpson Mid-Town Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 64th percentile within PA. Charities of a similar size with the same main cause include Rock Creek Riding Club Inc ($394k), Sartell Athletic Club Inc ($394k) and Chestnut Hill Fathers Club ($394k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.1% and program service revenue 100% of the total. Other salaries and wages came to $94k. At year end it held assets of $3.0m against liabilities of $6.2m, net assets of -$3.3m. It reported 3 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.