Center - Philadelphia

Analysis

Center - Philadelphia is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in December 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 December 2023, Center - Philadelphia reported income of $693k and spending of $749k, spending 108% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $357k to $693k (+94%), an average of +25% a year. The sharpest change came in the year to December 2021, when income rose by 68%. Over the whole period it spent 95% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Center - Philadelphia 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 Toledo Area Iron Workers Joint Apprenticeship Committee ($693k), FCBC Community Development Corporation ($693k) and Members Assistance Program Inc ($693k).

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 $68k (9.1% of expenses). Other salaries and wages came to $177k. At year end it held assets of $406k against liabilities of $153k, net assets of $252k. It reported 7 employees.