PHILADELPHIA INDUSTRIAL DEVELOPMENT CORPORATIONPub 78
Pub 78
AI Summary
The Philadelphia Industrial Development Corporation (PIDC) is dedicated to business promotion through economic development initiatives that enhance Philadelphia's competitive environment, create jobs, and increase tax ratables. With an operating budget of $21.9 million and total revenue of $28.9 million for the 2024 filing year, PIDC receives significant support from key funders such as the John S and James L Knight Foundation and the United Way of Greater Philadelphia and Southern New Jersey, among others. The organization does not rely on a single funder for 50% or more of its revenue.
Mission Statement
PIDC PLANS AND IMPLEMENTS ECONOMIC DEVELOPMENT INITIATIVES WHICH ENHANCE THE COMPETITIVE ENVIRONMENT, GENERATE JOBS AND PRODUCE HIGHER TAX RATABLES THROUGHOUT PHILADELPHIA.
Cause Areas
1
Business promotion
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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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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.