Mt Airy Transit Village Inc

Analysis

Mt Airy Transit Village Inc is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in July 2022, 4 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 2024, Mt Airy Transit Village Inc reported income of $584k and spending of $1.0m, spending 178% of what it took in. Across the 6 years on record, from June 2017 to June 2024, income fell from $692k to $584k (-16%), an average of -3.3% a year. The sharpest change came in the year to June 2022, when income dropped by 20%. Over the whole period it spent 168% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Mt Airy Transit Village Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 71st percentile within PA. Charities of a similar size with the same main cause include Centri Tech Foundation ($584k), Minority Construction Council Inc ($584k) and Built Oregon ($584k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 100% of the total. At year end it held assets of $12.5m against liabilities of $17.6m, net assets of -$5.1m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.