Philadelphia Transit

Analysis

Philadelphia Transit is a registered charity in United States, based in Philadelphia, MS. It received its IRS tax-exemption ruling in January 2021, 5 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 September 2023, Philadelphia Transit reported income of $669k and spending of $500k, leaving 25% of income unspent that year. Across the 2 years on record, from September 2022 to September 2023, income grew from $375k to $669k (+78%), an average of +78% a year. The sharpest change came in the year to September 2023, when income rose by 78%. Over the whole period it spent 84% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Philadelphia Transit sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 76th percentile within MS. Charities of a similar size with the same main cause include House of Compassion ($669k), Emergency Assistance Center Inc ($669k) and The Lighthouse Ministries ($669k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 77% and program service revenue 23% of the total. Other salaries and wages came to $224k. At year end it held assets of $271k against liabilities of $63k, net assets of $208k. It reported 21 employees.