Lancaster Avenue 21st Century Business Association

Analysis

Lancaster Avenue 21st Century Business Association is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in January 2015, 11 years ago. 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, Lancaster Avenue 21st Century Business Association reported income of $936k and spending of $929k, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $73k to $936k (+1189%), an average of +90% a year. The sharpest change came in the year to December 2021, when income rose by 215%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lancaster Avenue 21st Century Business Association sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 77th percentile within PA. Charities of a similar size with the same main cause include Turtle Woods Corps ($936k), Loma Linda University Radiation Medicine Inc ($936k) and Oklahoma Foundation for Excellence ($936k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $274k (29% of expenses). Other salaries and wages came to $22k. At year end it held assets of $258k against liabilities of $148k, net assets of $109k. It reported 3 employees.