It Takes Philly Encouraging And Empowering Our Children To Aim Hig
EIN: 462705205 · Philadelphia, PA · NTEE: P03
| Metric | Value |
|---|---|
| Total Revenue | $2.2M |
| Total Expenses | $2.8M |
| Net Assets | $2.4M |
Is It Takes Philly Encouraging And Empowering Our Children To Aim Hig Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About It Takes Philly Encouraging And Empowering Our Children To Aim Hig
It Takes Philly Encouraging And Empowering Our Children To Aim Hig (EIN: 462705205) is a nonprofit organization based in Philadelphia, PA, classified under NTEE code P03. The organization reported total revenue of $2.2M and total assets of $3.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of It Takes Philly Encouraging And Empowering Our Children To Aim Hig's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
It Takes Philly Encouraging And Empowering Our Children To Aim Hig is a mid-size nonprofit that has been operating for 12 years, with 4 years of IRS 990 filings on record (2020–2023). Revenue has grown at a compound annual rate of -2.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.9M |
| Total Expenses | $2.8M |
| Surplus / Deficit | +$66K |
| Total Assets | $2.6M |
| Total Liabilities | $172K |
| Net Assets | $2.4M |
| Operating Margin | 2.3% |
| Debt-to-Asset Ratio | 6.7% |
| Months of Reserves | 11.0 months |
Financial Health Grade: A
In 2023, It Takes Philly Encouraging And Empowering Our Children To Aim Hig reported a surplus of $66K with revenue exceeding expenses, holds 11.0 months of operating reserves (strong position), has a debt-to-asset ratio of 6.7% (very low leverage).
Financial Trends
Over 4 years of filings (2020–2023), It Takes Philly Encouraging And Empowering Our Children To Aim Hig's revenue has declined at a compound annual growth rate (CAGR) of -2.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -5.0% | -4.4% | +10.1% |
| 2022 | -34.0% | -38.6% | +49.3% |
| 2021 | +49.6% | +191.1% | -14.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2014 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for It Takes Philly Encouraging And Empowering Our Children To Aim Hig has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates It Takes Philly Encouraging And Empowering Our Children To Aim Hig with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $66K, with revenue exceeding expenses.
- Debt-to-asset ratio: 6.7%.
Frequently Asked Questions about It Takes Philly Encouraging And Empowering Our Children To Aim Hig
Is It Takes Philly Encouraging And Empowering Our Children To Aim Hig a legitimate charity?
Based on AI analysis of IRS 990 filings, It Takes Philly Encouraging And Empowering Our Children To Aim Hig (EIN: 462705205) insufficient data. 0 red flags identified, 0 strengths noted.
How does It Takes Philly Encouraging And Empowering Our Children To Aim Hig spend its money?
Detailed spending breakdown data is not yet available for It Takes Philly Encouraging And Empowering Our Children To Aim Hig. Check back for updated IRS 990 analysis.
Are donations to It Takes Philly Encouraging And Empowering Our Children To Aim Hig tax-deductible?
It Takes Philly Encouraging And Empowering Our Children To Aim Hig is registered as a tax-exempt nonprofit (EIN: 462705205). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is It Takes Philly Encouraging And Empowering Our Children To Aim Hig located?
It Takes Philly Encouraging And Empowering Our Children To Aim Hig is headquartered in Philadelphia, Pennsylvania and files with the IRS under EIN 462705205. It is classified under NTEE code P03.
How many years of IRS 990 filings does It Takes Philly Encouraging And Empowering Our Children To Aim Hig have?
It Takes Philly Encouraging And Empowering Our Children To Aim Hig has 4 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $2.2M in total revenue.
Filing History
IRS 990 filing history for It Takes Philly Encouraging And Empowering Our Children To Aim Hig showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2020–2023), It Takes Philly Encouraging And Empowering Our Children To Aim Hig's revenue has declined by 6.2%, moving from $3.1M to $2.9M. Total assets increased by 41.2% over the same period, from $1.8M to $2.6M. Total functional expenses rose by 70.8%, from $1.6M to $2.8M. In its most recent filing year (2023), It Takes Philly Encouraging And Empowering Our Children To Aim Hig reported a surplus of $66K, with revenue exceeding expenses. The organization holds $172K in liabilities against $2.6M in assets (debt-to-asset ratio: 6.7%), resulting in net assets of $2.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.9M | $2.8M | $2.6M | $172K | — | — |
| 2022 | $3.0M | $2.9M | $2.3M | $441K | — | View 990 |
| 2021 | $4.6M | $4.8M | $1.6M | $347K | — | View 990 |
| 2020 | $3.1M | $1.6M | $1.8M | $402K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.9M, expenses of $2.8M, and assets of $2.6M (revenue -5.0% year-over-year).
- 2022: Revenue of $3.0M, expenses of $2.9M, and assets of $2.3M (revenue -34.0% year-over-year).
- 2021: Revenue of $4.6M, expenses of $4.8M, and assets of $1.6M (revenue +49.6% year-over-year).
- 2020: Revenue of $3.1M, expenses of $1.6M, and assets of $1.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for It Takes Philly Encouraging And Empowering Our Children To Aim Hig:
Data Sources and Methodology
This transparency report for It Takes Philly Encouraging And Empowering Our Children To Aim Hig is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.