The Philadelphia Center

Analysis

The Philadelphia Center is a registered charity in United States, based in Shreveport, LA. It received its IRS tax-exemption ruling in September 1992, 34 years ago. 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 May 2023, The Philadelphia Center reported income of $4.6m and spending of $4.5m, spending 98% of its income. Across the 5 years on record, from May 2019 to May 2023, income grew from $2.9m to $4.6m (+59%), an average of +12% a year. The sharpest change came in the year to May 2023, when income rose by 48%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Philadelphia Center sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 91st percentile within LA. Charities of a similar size with the same main cause include First Rising Mt Zion Baptist Church Housing Corporation Inc ($4.6m), Hinds Community College Foundation ($4.6m) and Good Samaritan Hospital Foundation ($4.6m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 97% of the total. Other salaries and wages came to $1.3m. At year end it held assets of $4.3m against liabilities of $7,127, net assets of $4.3m. It reported 34 employees.