Timoteo Philadelphia Inc

Analysis

Timoteo Philadelphia Inc is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in January 2015, 11 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Timoteo Philadelphia Inc reported income of $273k and spending of $301k, spending 110% of what it took in. Across the 3 years on record, from December 2019 to December 2023, income fell from $414k to $273k (-34%), an average of -19% a year. The sharpest change came in the year to December 2023, when income dropped by 22%. Over the whole period it spent 67% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Timoteo Philadelphia Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 58th percentile within PA. Charities of a similar size with the same main cause include Baudette Area Arena Inc ($273k), Little League Baseball Inc ($273k) and Gu Shamrock Booster Club Inc ($273k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 102% and program service revenue 2.4% of the total. Compensation of current officers, directors and key employees was $63k (21% of expenses). Other salaries and wages came to $126k. At year end it held assets of $429k against liabilities of $0, net assets of $429k. It reported 10 employees.