Germantown Residents for Economic Alternatives Together

Analysis

Germantown Residents for Economic Alternatives Together 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 June 2024, Germantown Residents for Economic Alternatives Together reported income of $83k and spending of $72k, spending 87% of its income. Across the 2 years on record, from June 2023 to June 2024, income grew from $79k to $83k (+5.0%), an average of +5.0% a year. Over the whole period it spent 72% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Germantown Residents for Economic Alternatives Together sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 30th percentile within PA. Charities of a similar size with the same main cause include Makoshika Wellness Inc ($83k), Intentional Legacy Inc ($83k) and Matthew 25 House Inc ($83k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 88% and program service revenue 12% of the total. At year end it held assets of $51k against liabilities of $0, net assets of $51k.