We Love Philly

Analysis

We Love Philly is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in June 2020, 6 years ago. Its declared purposes cover youth development, which this site groups under children and youth 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, We Love Philly reported income of $303k and spending of $363k, spending 120% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $379k to $303k (-20%), an average of -20% a year. The sharpest change came in the year to December 2023, when income dropped by 20%. Over the whole period it spent 81% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, We Love Philly sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 60th percentile within PA. Charities of a similar size with the same main cause include Family Career and Community Leaders of America Inc ($303k), Kids on the Move ($303k) and Bismack Biyombo Foundation Inc ($303k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 69% and program service revenue 31% of the total. Compensation of current officers, directors and key employees was $73k (20% of expenses). Other salaries and wages came to $96k. At year end it held assets of $247k against liabilities of $56k, net assets of $192k. It reported 6 employees.