Philadelphia Ship Preservation Guild

Analysis

Philadelphia Ship Preservation Guild is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in June 1973, 53 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, Philadelphia Ship Preservation Guild reported income of $139k and spending of $141k, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $409k to $139k (-66%), an average of -24% a year. The sharpest change came in the year to December 2021, when income rose by 122%. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Philadelphia Ship Preservation Guild sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 43rd percentile within PA. Charities of a similar size with the same main cause include Ptsa Connecticut Inc ($139k), Parent Booster USA Inc ($139k) and Stephanie Waterman Tennis Foundation ($139k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 39% and program service revenue 24% of the total. Other salaries and wages came to $19k. At year end it held assets of $1.8m against liabilities of $38k, net assets of $1.8m. It reported 3 employees.