Lower Merion Township Police Pension Association

Analysis

Lower Merion Township Police Pension Association is a registered charity in United States, based in Ardmore, PA. It received its IRS tax-exemption ruling in March 1932, 94 years ago. Its declared purposes cover mutual and membership benefit, which this site groups under other charitable purposes. 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, Lower Merion Township Police Pension Association reported income of $615k and spending of $931k, spending 151% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $720k to $615k (-15%), an average of -3.9% a year. The sharpest change came in the year to June 2021, when income rose by 448%. Over the whole period it spent 80% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lower Merion Township Police Pension Association sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 71st percentile within PA. Charities of a similar size with the same main cause include Harvest of Hope Food Pantry Inc ($615k), Lilly Library Association ($615k) and Haitian American Friendship Foundation Incorporated ($615k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 52% of the total. Compensation of current officers, directors and key employees was $43k (4.6% of expenses). At year end it held assets of $14.1m against liabilities of $0, net assets of $14.1m.