Fishtown Kensington Area Business Improvement District Inc

Analysis

Fishtown Kensington Area Business Improvement District Inc is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in July 2020, 6 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, Fishtown Kensington Area Business Improvement District Inc reported income of $884k and spending of $933k, spending 106% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $693k to $884k (+28%), an average of +8.4% a year. Over the whole period it spent 89% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Fishtown Kensington Area Business Improvement District Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 76th percentile within PA. Charities of a similar size with the same main cause include Center for Agricultural Development and Entrepreneurship ($883k), Called to Serve CDC Inc ($884k) and Toledo Area Sheet Metal Workers Joint Apprenticeship Committee ($883k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 0.2% of the total. Compensation of current officers, directors and key employees was $138k (15% of expenses). Other salaries and wages came to $79k. At year end it held assets of $447k against liabilities of $84k, net assets of $364k. It reported 2 employees.