Philadelphia Green Capital Corp

Analysis

Philadelphia Green Capital Corp is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in November 2021, 5 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 supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Philadelphia Green Capital Corp reported income of $3.1m and spending of $1.7m, leaving 46% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income grew from $376k to $3.1m (+714%), an average of +714% a year. The sharpest change came in the year to June 2023, when income rose by 714%. Over the whole period it spent 61% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Philadelphia Green Capital Corp sits at the 89th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 88th percentile within PA. Charities of a similar size with the same main cause include LA Fe Preparatory School Inc ($3.1m), DC Fiscal Policy Institute Inc ($3.1m) and Chinook Enterprises ($3.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 42% and program service revenue 58% of the total. Other salaries and wages came to $380k. At year end it held assets of $2.9m against liabilities of $550k, net assets of $2.3m. It reported 4 employees.