Sixth Man Center Inc

Analysis

Sixth Man Center Inc is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in September 2022, 4 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Sixth Man Center Inc reported income of $1.5m and spending of $205k, leaving 86% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income fell from $1.8m to $1.5m (-17%), an average of -17% a year. The sharpest change came in the year to June 2023, when income dropped by 17%. Over the whole period it spent 8.8% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Sixth Man Center Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 82nd percentile within PA. Charities of a similar size with the same main cause include Abilene Boys Ranch Inc ($1.5m), Charleston Recovery Center Inc ($1.5m) and Yjp Foundation Inc ($1.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $26.2m against liabilities of $22.9m, net assets of $3.3m.