Common Market Philadelphia Inc

Analysis

Common Market Philadelphia Inc is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in May 2009, 17 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 December 2023, Common Market Philadelphia Inc reported income of $5.1m and spending of $1.9m, leaving 62% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.6m to $5.1m (+42%), an average of +9.1% a year. The sharpest change came in the year to December 2022, when income rose by 65%. Over the whole period it spent 37% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Common Market Philadelphia Inc sits at the 91st percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 91st percentile within PA. Charities of a similar size with the same main cause include YWCA West Central Michigan ($5.1m), Reed Next Inc ($5.1m) and Salesmanship Club Charitable Golf of Dallas Inc ($5.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% and program service revenue 24% of the total. Other salaries and wages came to $1.1m. At year end it held assets of $28.3m against liabilities of $9.1m, net assets of $19.2m. It reported 16 employees.