Pennsylvania Cpa Foundation

Analysis

Pennsylvania Cpa Foundation is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in August 2017, 9 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending April 2023, Pennsylvania Cpa Foundation reported income of $869k and spending of $946k, spending 109% of what it took in. Across the 4 years on record, from April 2020 to April 2023, income fell from $1.0m to $869k (-15%), an average of -5.4% a year. The sharpest change came in the year to April 2021, when income dropped by 32%. Over the whole period it spent 103% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Pennsylvania Cpa Foundation sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 76th percentile within PA. Charities of a similar size with the same main cause include Abundant Life Christian Schoolfoundation Inc ($869k), Summit Academy Community School - Columbus ($870k) and Freedom City Inc ($869k).

On its Form 990 for the period ending April 2023, revenue came from contributions and grants 90% and program service revenue 0.8% of the total. Other salaries and wages came to $422k. At year end it held assets of $3.2m against liabilities of $178k, net assets of $3.0m.

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.