PHILADELPHIA CONVENTION & VISITORS BUREAU
Pub 78

PHILADELPHIA CONVENTION & VISITORS BUREAU
Pub 78

PHILADELPHIA, PA, US
501(c)(6)
EIN
23-0969325
Regional Funder

PHILADELPHIA CONVENTION & VISITORS BUREAU
Pub 78

PHILADELPHIA, PA, US
501(c)(6)
EIN
23-0969325
Regional Funder

Income Statement

Fiscal Year Start:
Jul 1
Revenues in 2024

$23,404,663

Government Grants
55%
Program Services
38%
Membership Dues
4%
Investments
3%
Other
<1%
Contributions
0%
Fundraising Events
0%
Expenses in 2024

$21,201,108

Salaries & Benefits
43%
Advertising & Promotion
30%
Other
17%
Offices, Occupancy & IT
5%
Fees to Service Providers
5%
Depreciation
<1%
Grants
0%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$147,956
$0
-100%
Government Grants
$10,572,232
$12,874,065
+22%
Fundraising Events
$0
$0
-
Program Services
$6,743,952
$8,866,434
+31%
Membership Dues
$823,030
$834,485
+1%
Investments
$384,184
$774,649
+102%
Other
$98,163
$55,030
-44%
Total Revenues
$18,769,517
$23,404,663
+25%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$7,990,698
$9,138,622
+14%
Fees to Service Providers
$832,699
$962,262
+16%
Advertising & Promotion
$4,136,498
$6,351,967
+54%
Offices, Occupancy & IT
$1,037,081
$1,156,312
+11%
Interest
$0
$0
-
Depreciation
$58,697
$58,440
0%
Other
$2,745,400
$3,533,505
+29%
Total Expenses
$16,801,073
$21,201,108
+26%
Net income
2023
2024
Change
Net income
+$1,968,444
+$2,203,555
+12%
Functional Expenses
Summary
2023
2024
Change
Program
$14,970,002
$18,872,583
+26%
Admin
$1,831,071
$2,328,525
+27%
Fundraising
$0
$0
-
Total Expenses
$16,801,073
$21,201,108
+26%
Income Statement
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