Philadelphia Public Access Corporation

Analysis

Philadelphia Public Access Corporation is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in September 2009, 17 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 June 2023, Philadelphia Public Access Corporation reported income of $1.3m and spending of $2.0m, spending 152% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.4m to $1.3m (-5.2%), an average of -1.3% a year. The sharpest change came in the year to June 2020, when income rose by 52%. Over the whole period it spent 114% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Philadelphia Public Access Corporation sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 81st percentile within PA. Charities of a similar size with the same main cause include National Early Childhood Program Accreditation Commission Inc ($1.3m), National Association of State Emergency Medical Services Directo ($1.3m) and Construction Career Collaborative ($1.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 91% and program service revenue 7.4% of the total. Compensation of current officers, directors and key employees was $121k (6.0% of expenses). Other salaries and wages came to $870k. At year end it held assets of $5.2m against liabilities of $1.7m, net assets of $3.5m. It reported 22 employees.

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.