PHMC 1500

Analysis

PHMC 1500 is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in April 2015, 11 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, PHMC 1500 reported income of $409k and spending of $872k, spending 213% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.7m to $409k (-76%), an average of -30% a year. The sharpest change came in the year to June 2020, when income dropped by 54%. Over the whole period it spent 124% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, PHMC 1500 sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 65th percentile within PA. Charities of a similar size with the same main cause include Community Does It ($409k), North Hollywood Interfaith Food Pantry ($409k) and Winston Net ($408k).

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 $3.7m against liabilities of $1.1m, net assets of $2.6m.

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.