Northern Liberties Bid

Analysis

Northern Liberties Bid is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in July 2018, 8 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 June 2023, Northern Liberties Bid reported income of $702k and spending of $754k, spending 107% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $494k to $702k (+42%), an average of +12% a year. Over the whole period it spent 100% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Northern Liberties Bid sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 73rd percentile within PA. Charities of a similar size with the same main cause include Downtown Shreveport Unlimited ($702k), Neighborhood Housing Services of Duluth Inc ($702k) and Local 263 Cedar Rapids Sheet Metal Workers Joint Apprentice Committee ($701k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% and program service revenue 4.8% of the total. Compensation of current officers, directors and key employees was $87k (12% of expenses). Other salaries and wages came to $60k. At year end it held assets of $202k against liabilities of $51k, net assets of $151k. It reported 2 employees.