Philanthropic Association of Swansea Inc

Analysis

Philanthropic Association of Swansea Inc is a registered charity in United States, based in Swansea, MA. It received its IRS tax-exemption ruling in August 1993, 33 years ago. 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 December 2023, Philanthropic Association of Swansea Inc reported income of $1.8m and spending of $2.0m, spending 116% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.7m to $1.8m (+6.1%), an average of +1.5% a year. The sharpest change came in the year to December 2021, when income rose by 27%. Over the whole period it spent 107% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Philanthropic Association of Swansea Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 84th percentile within MA. Charities of a similar size with the same main cause include United States Power Squadrons ($1.8m), Mano a Mano ($1.8m) and High Hopes Neurological Recovery Group Inc ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 6.5% and program service revenue 91% of the total. Other salaries and wages came to $1.1m. At year end it held assets of $2.3m against liabilities of $819k, net assets of $1.5m. It reported 40 employees.