Philadelphia Arms Townhomes Inc

Analysis

Philadelphia Arms Townhomes Inc is a registered charity in United States, based in Ellendale, DE. It received its IRS tax-exemption ruling in August 2007, 19 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Philadelphia Arms Townhomes Inc reported income of $217k and spending of $215k, spending 99% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $217k to $217k (+0.3%), an average of +0.1% a year. The sharpest change came in the year to December 2022, when income rose by 53%. Over the whole period it spent 102% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Philadelphia Arms Townhomes Inc sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 50th percentile within DE. Charities of a similar size with the same main cause include Habitat for Humanity International ($217k), Germantown Section 811 Housing Corporation ($218k) and Magnolia Manor of Macon Supportive Housing Inc ($217k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.6% and program service revenue 96% of the total. Other salaries and wages came to $112k. At year end it held assets of $1,143 against liabilities of $20k, net assets of -$19k. It reported 11 employees.