Philadelphia Convention and Vistors Bureau Foundation

Analysis

Philadelphia Convention and Vistors Bureau Foundation is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in October 2002, 24 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Philadelphia Convention and Vistors Bureau Foundation reported income of $3.3m and spending of $2.7m, spending 82% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.2m to $3.3m (+6.1%), an average of +1.5% a year. The sharpest change came in the year to June 2023, when income rose by 996%. Over the whole period it spent 91% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Philadelphia Convention and Vistors Bureau Foundation sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 88th percentile within PA. Charities of a similar size with the same main cause include USA Triathlon Foundation ($3.3m), Coyotes Amateur Hockey Association ($3.4m) and Palo Alto Soccer Club Inc ($3.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% of the total. At year end it held assets of $1.9m against liabilities of $0, net assets of $1.9m.