Philadelphia Project

Analysis

Philadelphia Project is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in February 2011, 15 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 Project reported income of $546k and spending of $730k, spending 134% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $937k to $546k (-42%), an average of -13% a year. The sharpest change came in the year to December 2020, when income dropped by 61%. Over the whole period it spent 110% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Philadelphia Project sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 70th percentile within PA. Charities of a similar size with the same main cause include Colorado Firecamp Inc ($545k), Mothers Raising Sons Inc ($546k) and Aspen Youth Center ($545k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 44% and program service revenue 52% of the total. Compensation of current officers, directors and key employees was $57k (7.8% of expenses). Other salaries and wages came to $260k. At year end it held assets of $380k against liabilities of $502k, net assets of -$122k. It reported 21 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.