Friends of the Wissahickon Inc

Analysis

Friends of the Wissahickon Inc is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in June 1952, 74 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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, Friends of the Wissahickon Inc reported income of $2.8m and spending of $2.5m, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.1m to $2.8m (+29%), an average of +6.6% a year. The sharpest change came in the year to December 2021, when income rose by 55%. Over the whole period it spent 91% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Friends of the Wissahickon Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 87th percentile within PA. Charities of a similar size with the same main cause include Columbia Center for Urban Agriculture ($2.8m), Summit Metro Parks Foundation ($2.8m) and The Alaska Center Education Fund ($2.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% of the total. Compensation of current officers, directors and key employees was $164k (6.6% of expenses). Other salaries and wages came to $689k. At year end it held assets of $3.2m against liabilities of $912k, net assets of $2.3m. It reported 16 employees.