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THE PHILADELPHIA POVERTY ACTION FUND

THE PHILADELPHIA POVERTY ACTION FUND

Philadelphia, PA, US
501(c)(3)
EIN
87-2442054
Fund Raising & Fund Distribution
Regional Funder
funder logo

THE PHILADELPHIA POVERTY ACTION FUND

Philadelphia, PA, US
501(c)(3)
EIN
87-2442054
Fund Raising & Fund Distribution
Regional Funder

Income Statement

Fiscal Year Start:
Jul 1
Revenues in 2024

$5,442,006

Government Grants
74%
Contributions
22%
Investments
4%
Fundraising Events
0%
Program Services
0%
Membership Dues
0%
Other
0%
Expenses in 2024

$7,429,718

Grants
81%
Fees to Service Providers
14%
Salaries & Benefits
5%
Offices, Occupancy & IT
<1%
Benefits to Members
0%
Advertising & Promotion
0%
Interest
0%
Depreciation
0%
Other
0%
Revenues
2023
2024
Change
Contributions
$937,805
$1,223,985
+31%
Government Grants
$550,000
$4,000,000
+627%
Fundraising Events
$0
$0
-
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$58,346
$218,021
+274%
Other
$0
$0
-
Total Revenues
$1,546,151
$5,442,006
+252%
Expenses
2023
2024
Change
Grants
$6,574,587
$6,038,842
-8%
Benefits to Members
$0
$0
-
Salaries & Benefits
$310,307
$347,614
+12%
Fees to Service Providers
$1,521,362
$1,031,222
-32%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$24,003
$12,040
-50%
Interest
$0
$0
-
Depreciation
$0
$0
-
Other
$0
$0
-
Total Expenses
$8,430,259
$7,429,718
-12%
Net income
2023
2024
Change
Net income
-$6,884,108
-$1,987,712
+71%
Functional Expenses
Summary
2023
2024
Change
Program
$8,109,205
$7,293,847
-10%
Admin
$196,759
$95,318
-52%
Fundraising
$124,295
$40,553
-67%
Total Expenses
$8,430,259
$7,429,718
-12%
Income Statement
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