Potash Hill Inc

Analysis

Potash Hill Inc is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in June 2022, 4 years ago. Its declared purposes cover education, which this site groups under education and training. 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 September 2022, Potash Hill Inc reported income of $2.5m and spending of $1.6m, leaving 35% of income unspent that year. Across the 2 years on record, from September 2021 to September 2022, income grew from $3,425 to $2.5m (+72897%), an average of +72897% a year. The sharpest change came in the year to September 2022, when income rose by 72897%. Over the whole period it spent 70% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Potash Hill Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 86th percentile within PA. Charities of a similar size with the same main cause include Friends of Forman Christian College Inc ($2.5m), The Ellie Fund ($2.5m) and Interlibrary Delivery Service of Pennsylvania ($2.5m).

On its Form 990 for the period ending September 2022, revenue came from contributions and grants 85% and program service revenue 15% of the total. Other salaries and wages came to $318k. At year end it held assets of $6.6m against liabilities of $5.8m, net assets of $744k.