Philadelphia Furniture Workshop

Analysis

Philadelphia Furniture Workshop is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in February 2015, 11 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Philadelphia Furniture Workshop reported income of $163k and spending of $173k, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $157k to $163k (+3.7%), an average of +0.9% a year. The sharpest change came in the year to December 2021, when income rose by 43%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Philadelphia Furniture Workshop sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 47th percentile within PA. Charities of a similar size with the same main cause include Alfred Box of Books Library ($163k), Parent Booster USA Inc ($163k) and Women Leading Kentucky Inc ($163k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 10% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $63k (37% of expenses). Other salaries and wages came to $28k. At year end it held assets of $305k against liabilities of $18k, net assets of $288k. It reported 3 employees.