South Philadelphia Presbyterian Apartments Inc

Analysis

South Philadelphia Presbyterian Apartments Inc is a registered charity in United States, based in Lafayette HL, PA. It received its IRS tax-exemption ruling in September 2002, 24 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, South Philadelphia Presbyterian Apartments Inc reported income of $869k and spending of $1.1m, spending 130% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $748k to $869k (+16%), an average of +3.8% a year. Over the whole period it spent 130% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, South Philadelphia Presbyterian Apartments Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 76th percentile within PA. Charities of a similar size with the same main cause include Center for Immigrants and Immigration Services ($869k), Forsyth County Family Haven Incorporated ($869k) and Helping Hands Ministries of Woodruff Area Inc ($869k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 52% and program service revenue 42% of the total. Other salaries and wages came to $184k. At year end it held assets of $5.2m against liabilities of $8.7m, net assets of -$3.5m. It reported 5 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.