Philadelphia Academy of Surgery

Analysis

Philadelphia Academy of Surgery is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in October 1942, 84 years ago. 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, Philadelphia Academy of Surgery reported income of $57k and spending of $67k, spending 118% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $82k to $57k (-31%), an average of -8.9% a year. The sharpest change came in the year to December 2022, when income dropped by 18%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Philadelphia Academy of Surgery sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 21st percentile within PA. Charities of a similar size with the same main cause include Tri-County Women Veterans Inc ($57k), Parent Teacher Organization of North Barrington School ($57k) and Wichana Foundation Inc ($57k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 67% of the total. At year end it held assets of $548k against liabilities of $0, net assets of $548k.