Philadelphia Contemporary

Analysis

Philadelphia Contemporary is a registered charity in United States, based in Jamestown, RI. It received its IRS tax-exemption ruling in May 2016, 10 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, Philadelphia Contemporary reported income of $779k and spending of $1.0m, spending 131% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.7m to $779k (-79%), an average of -32% a year. The sharpest change came in the year to December 2021, when income dropped by 58%. Over the whole period it spent 105% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Philadelphia Contemporary sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 72nd percentile within RI. Charities of a similar size with the same main cause include North-American Islamic Shelter Forthe Abused ($779k), Christian Shelter Inc ($779k) and NW Services Inc ($779k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $40k (3.9% of expenses). Other salaries and wages came to $378k. At year end it held assets of $241k against liabilities of $126k, net assets of $114k. It reported 6 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.