2800 American Street Company

Analysis

2800 American Street Company is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in October 2011, 15 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, 2800 American Street Company reported income of $1.1m and spending of $1.3m, spending 113% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $1.4m to $1.1m (-16%), an average of -5.5% a year. Over the whole period it spent 119% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, 2800 American Street Company sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 79th percentile within PA. Charities of a similar size with the same main cause include Student Support Network Inc ($1.1m), West River Transit ($1.1m) and Grayson County Alliance Inc ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $15.4m against liabilities of $9.2m, net assets of $6.2m.

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.