Philipsburg Revitalization Corp

Analysis

Philipsburg Revitalization Corp is a registered charity in United States, based in Philipsburg, PA. It received its IRS tax-exemption ruling in August 2000, 26 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 (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, Philipsburg Revitalization Corp reported income of $221k and spending of $47k, leaving 79% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $140k to $221k (+58%), an average of +58% a year. The sharpest change came in the year to December 2023, when income rose by 58%. Over the whole period it spent 30% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Philipsburg Revitalization Corp sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 53rd percentile within PA. Charities of a similar size with the same main cause include Crystal City Pilgrimage Committee ($221k), Opsail2012ct Inc ($221k) and Los Angeles Telugu Association Lata ($221k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% of the total. Other salaries and wages came to $15k. At year end it held assets of $393k against liabilities of $34k, net assets of $359k. It reported 1 employees.