1700 Broad Street Inc

Analysis

1700 Broad Street Inc is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in November 2021, 5 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 June 2023, 1700 Broad Street Inc reported income of $1.0m and spending of $273k, leaving 74% of income unspent that year. Across the 3 years on record, from June 2021 to June 2023, income grew from $233k to $1.0m (+349%), an average of +112% a year. The sharpest change came in the year to June 2022, when income rose by 412%. Over the whole period it spent 91% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, 1700 Broad Street Inc 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 80th percentile, and in the 78th percentile within PA. Charities of a similar size with the same main cause include The Junior League of the City of Washington Inc ($1.0m), St Louis District Dairy Council ($1.0m) and Invest PGH Inc ($1.0m).

At year end it held assets of $9.6m against liabilities of $83k, net assets of $9.5m.