Mendelssohn Club of Philadelphia

Analysis

Mendelssohn Club of Philadelphia is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in July 1972, 54 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 June 2023, Mendelssohn Club of Philadelphia reported income of $416k and spending of $472k, spending 114% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $469k to $416k (-11%), an average of -3.0% a year. The sharpest change came in the year to June 2022, when income rose by 80%. Over the whole period it spent 113% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Mendelssohn Club of Philadelphia sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 65th percentile within PA. Charities of a similar size with the same main cause include Treehouse Shakers Inc ($416k), The Griffin Museum of Photography Inc ($416k) and 500 Sails ($415k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 77% and program service revenue 21% of the total. Compensation of current officers, directors and key employees was $134k (28% of expenses). Other salaries and wages came to $101k. At year end it held assets of $315k against liabilities of $7,400, net assets of $308k. It reported 4 employees.