Philadelphia Project
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2010 | 75,761 | 68,533 | 7,228 | 1.3 | — |
| 2011 | 145,887 | 138,818 | 7,069 | 1.2 | — |
| 2012 | 273,789 | 247,590 | 26,199 | 2.0 | 58% |
| 2013 | 349,111 | 357,108 | −7,997 | 1.1 | 60% |
| 2014 | 562,893 | 484,211 | 78,682 | 2.8 | 62% |
| 2015 | 790,704 | 791,608 | −904 | 1.7 | 67% |
| 2016 | 860,976 | 864,609 | −3,633 | 1.5 | 69% |
| 2017 | 1,054,527 | 1,017,364 | 37,163 | 1.7 | 59% |
| 2018 | 1,091,770 | 1,055,999 | 35,771 | 2.0 | 65% |
| 2019 | 937,407 | 869,698 | 67,709 | 3.4 | 58% |
| 2020 | 366,596 | 422,471 | −55,875 | 5.4 | 58% |
| 2021 | 572,893 | 608,486 | −35,593 | 3.1 | 43% |
| 2022 | 590,060 | 682,774 | −92,714 | 1.1 | 46% |
| 2023 | 545,538 | 730,377 | −184,839 | -2.0 | 43% |
In its most recent public year (2023), this organization spent $184,839 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-2 months), down from 1.3 in 2010. Staff pay was 43% of spending.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
Philadelphia Project's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works