Resolve Philadelphia Inc

Analysis

Resolve Philadelphia Inc is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in October 2019, 7 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Resolve Philadelphia Inc reported income of $4.4m and spending of $3.1m, leaving 29% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $711k to $4.4m (+518%), an average of +58% a year. The sharpest change came in the year to December 2020, when income rose by 408%. Over the whole period it spent 81% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Resolve Philadelphia Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 90th percentile within PA. Charities of a similar size with the same main cause include Sunshine High School - Central Orange County Campus Inc ($4.4m), Ucic School ($4.4m) and Northwest Washington Electrical Industry Joint Apprenticeship & ($4.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 2.6% of the total. Compensation of current officers, directors and key employees was $248k (7.9% of expenses). Other salaries and wages came to $1.8m. At year end it held assets of $2.5m against liabilities of $139k, net assets of $2.3m. It reported 38 employees.