World Trade Center of Greater Philadelphia Inc

Analysis

World Trade Center of Greater Philadelphia Inc is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in April 2003, 23 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, World Trade Center of Greater Philadelphia Inc reported income of $937k and spending of $1.2m, spending 130% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $888k to $937k (+5.5%), an average of +1.3% a year. The sharpest change came in the year to December 2023, when income rose by 30%. Over the whole period it spent 120% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, World Trade Center of Greater Philadelphia Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 77th percentile within PA. Charities of a similar size with the same main cause include American Friends of Schneider Childrens Medical Center of Israel ($937k), Childvoice International ($938k) and Frontier Partners Inc ($936k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 103% and program service revenue 1.2% of the total. Compensation of current officers, directors and key employees was $180k (15% of expenses). Other salaries and wages came to $334k. At year end it held assets of $687k against liabilities of $932k, net assets of -$246k. It reported 10 employees.

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.