Philadelphia Society

Analysis

Philadelphia Society is a registered charity in United States, based in Grand Rapids, MI. It received its IRS tax-exemption ruling in July 1967, 59 years ago. 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 December 2023, Philadelphia Society reported income of $459k and spending of $411k, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $375k to $459k (+22%), an average of +5.2% a year. The sharpest change came in the year to December 2022, when income rose by 41%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Philadelphia Society sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 69th percentile within MI. Charities of a similar size with the same main cause include Interfaith Service Coalitiion of Hancock Maryland Inc ($459k), Horace Mann Elementary School PTA ($460k) and High Plains Retreat Center ($459k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 64% and program service revenue 32% of the total. Other salaries and wages came to $70k. At year end it held assets of $1.1m against liabilities of $140k, net assets of $941k. It reported 1 employees.