Methodist Services

Analysis

Methodist Services is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in January 2004, 22 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 June 2023, Methodist Services reported income of $9.8m and spending of $9.9m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $8.3m to $9.8m (+18%), an average of +4.2% a year. The sharpest change came in the year to June 2022, when income rose by 16%. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Methodist Services sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 94th percentile within PA. Charities of a similar size with the same main cause include Family Violence Prevention Services Inc ($9.8m), Father Flanagans Boys Home ($9.8m) and George J & Hilda Meyer Foundation Inc ($9.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 88% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $401k (4.1% of expenses). Other salaries and wages came to $3.6m. At year end it held assets of $14.5m against liabilities of $13.1m, net assets of $1.4m. It reported 151 employees.