Elfreths Alley Association Inc

Analysis

Elfreths Alley Association Inc is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in September 1968, 58 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, Elfreths Alley Association Inc reported income of $114k and spending of $80k, leaving 30% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $62k to $114k (+84%), an average of +84% a year. The sharpest change came in the year to December 2023, when income rose by 84%. Over the whole period it spent 84% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Elfreths Alley Association Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 38th percentile within PA. Charities of a similar size with the same main cause include Peterson Spouses Club Charitable Organization ($114k), Wellesley Turkey Trot Foundation Inc ($114k) and Little League Baseball Inc ($114k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 37% and program service revenue 27% of the total. Other salaries and wages came to $27k. At year end it held assets of $346k against liabilities of $0, net assets of $346k. It reported 3 employees.