PHILADELPHIA INDUSTRIAL DEVELOPMENT CORPORATION
Pub 78

PHILADELPHIA INDUSTRIAL DEVELOPMENT CORPORATION
Pub 78

Philadelphia, PA, US
501(c)
EIN
23-6050858

PHILADELPHIA INDUSTRIAL DEVELOPMENT CORPORATION
Pub 78

Philadelphia, PA, US
501(c)
EIN
23-6050858

Overview

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Est.

1957

Fiscal Year Start

Jan 1

Organization Type

Grantseeker
AI Summary
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The Philadelphia Industrial Development Corporation (EIN: 23-6050858) is a nonprofit organization dedicated to business promotion and economic development initiatives in Philadelphia. With an operating budget of $21.9 million and total revenue of $28.9 million for the filing year 2024, PIDC aims to enhance the competitive environment, generate jobs, and increase tax revenues throughout the city. The organization does not rely on a single funder for 50% or more of its revenue, ensuring a diverse funding base to support its mission. For more information, visit www.pidcphila.com.

Mission Statement

PIDC PLANS AND IMPLEMENTS ECONOMIC DEVELOPMENT INITIATIVES WHICH ENHANCE THE COMPETITIVE ENVIRONMENT, GENERATE JOBS AND PRODUCE HIGHER TAX RATABLES THROUGHOUT PHILADELPHIA.
Revenues

$28.9M

Expenses

$24.2M

Net Income:
+$4.7M
Assets

$64.9M

Liabilities

$42.4M

Net Assets:
+$22.5M
Operating Budget

$21.9M

Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Not in Pub 78 list
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Total No. of Grants

3

Median grant size
$80.3K
Largest grant received
$172.5K
J
Jodie Harris
Board Member
K
Kevin Lessard
Board Member
S
Scott Dever
Board Member

Frequently Asked Questions

What is PHILADELPHIA INDUSTRIAL DEVELOPMENT CORPORATION’s budget?
In 2024, PHILADELPHIA INDUSTRIAL DEVELOPMENT CORPORATION reported an annual operating budget of around $21.9 million. More detailed financial information is available to registered users.
What causes does PHILADELPHIA INDUSTRIAL DEVELOPMENT CORPORATION support?
PHILADELPHIA INDUSTRIAL DEVELOPMENT CORPORATION supports work in Business promotion.
Where does PHILADELPHIA INDUSTRIAL DEVELOPMENT CORPORATION operate?
PHILADELPHIA INDUSTRIAL DEVELOPMENT CORPORATION is headquartered in Philadelphia, PA.
Who funded PHILADELPHIA INDUSTRIAL DEVELOPMENT CORPORATION recently?
In 2024, PHILADELPHIA INDUSTRIAL DEVELOPMENT CORPORATION received grants from United Way of Greater Philadelphia and Southern New Jersey, PHILADELPHIA INDUSTRIAL DEVELOPMENT CORPORATION, and PHILADELPHIA INDUSTRIAL DEVELOPMENT CORPORATION. More information on this organization’s funders is available to registered users.
What is the largest grant PHILADELPHIA INDUSTRIAL DEVELOPMENT CORPORATION received in 2024?
The largest grant to PHILADELPHIA INDUSTRIAL DEVELOPMENT CORPORATION in 2024 exceeds $173 thousand.
What is PHILADELPHIA INDUSTRIAL DEVELOPMENT CORPORATION’s reliance on government grants?
PHILADELPHIA INDUSTRIAL DEVELOPMENT CORPORATION relied on government grants for more than 10% of their total revenue in 2024.
Overview
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