Nonprofit screen
Screen a listPhiladelphia Industrial Development Corporation
Can you give?
Listed with the IRS. Every screen came back clear.
An organization on the IRS master file.
- IRS nonprofit listing
- No issue
- Revocation
- None
- IRS files
- Agree
- Sanctions
- No match
- IRS bulletin
- No notice
- California
- No record
- Charity type
- Not stated
$29Mrevenue
FY2024 · +114% in 3 yrs48staff
8 of 8years filed
’17’18’19’20’21’22’23’24
Revenue and spendingRevenueSpendingDeficit
Against similar nonprofits FY2024
Operating margin16.2%
Months of reserve20.0mo
Revenue growth (annualized)+6.1%
Middle half of peersMedianPhiladelphia Industrial Development
Where the money goes FY2024 · $24M spent
Programs$18M75%Management and general$6.1M25%990 FY2024 · Part IX line 25
Worth checking1
Deficits in 2 of the last 3 years
−$191k in FY2022 and −$116k in FY2023. Cash covers 20.0 months, above the peer median of 3.5.
990 Part I and balance sheetIn its favor2
Strong governance
30 of 30 board members independent. Conflict-of-interest and whistleblower policies, audited financial statements, board reviews the 990.
990 Part VIA history of government grants
Government grants on 8 of its 8 returns, 14% of revenue in FY2024.
990 Part VIII4funders
$605ka year, last 2 years
83%from its largest funder
Funder’20’21Pidc-Financing CorporationOn and off$1.0MPIDC-Community CapitalNew in FY2021$210k
Funded