Ogontz Avenue Revitalization Corp
Ogontz Avenue Revitalization Corp: Steady Revenue, High Liabilities, and Unclear Program Spending
EIN: 222483318 · Philadelphia, PA · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $2.6M |
| Total Expenses | $2.2M |
| Net Assets | $8.6M |
| Transparency Score | 65/100 |
Is Ogontz Avenue Revitalization Corp Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Ogontz Avenue Revitalization Corp
Ogontz Avenue Revitalization Corp (EIN: 222483318) is a nonprofit organization based in Philadelphia, PA. The organization reported total revenue of $2.6M and total assets of $15.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ogontz Avenue Revitalization Corp's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Ogontz Avenue Revitalization Corp is a mid-size nonprofit that has been operating for 40 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -13.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.3M |
| Total Expenses | $2.2M |
| Surplus / Deficit | +$121K |
| Total Assets | $16.0M |
| Total Liabilities | $7.4M |
| Net Assets | $8.6M |
| Operating Margin | 5.1% |
| Debt-to-Asset Ratio | 46.4% |
| Months of Reserves | 86.5 months |
Financial Health Grade: A
In 2023, Ogontz Avenue Revitalization Corp reported a surplus of $121K with revenue exceeding expenses, holds 86.5 months of operating reserves (strong position), has a debt-to-asset ratio of 46.4% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Ogontz Avenue Revitalization Corp's revenue has declined at a compound annual growth rate (CAGR) of -13.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +4.5% | +14.5% | -3.4% |
| 2022 | +1.6% | +10.4% | -2.2% |
| 2021 | -27.7% | -22.8% | -8.1% |
| 2020 | +33.3% | -10.4% | -5.5% |
| 2019 | -3.7% | +19.8% | -0.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1986 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Ogontz Avenue Revitalization Corp with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 0%
- programs: 0%
- fundraising: 0%
According to IRS 990 filings, Ogontz Avenue Revitalization Corp allocates its expenses as follows: admin: 0%, programs: 0%, fundraising: 0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $121K, with revenue exceeding expenses.
- Debt-to-asset ratio: 46.4%.
Executive Compensation Analysis
Executive compensation cannot be assessed as no specific compensation figures for executives were provided in the available data.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Ogontz Avenue Revitalization Corp's IRS 990 filings:
- The organization consistently reports 0% for 'c' (compensation or program expenses) across all years, which is highly unusual and suggests a lack of detailed expense reporting.
- Liabilities consistently exceed assets in several years (e.g., 2016, 2017, 2018, 2019, 2020, 2021, 2022, 2023), indicating potential financial instability or reliance on debt.
- The absence of a clear breakdown for program, administrative, and fundraising expenses makes it impossible to determine how funds are being utilized to achieve the mission.
Strengths
The following positive indicators were identified for Ogontz Avenue Revitalization Corp:
- The organization has maintained a relatively stable revenue stream over the past several years, with revenues around $2.2M - $2.5M from 2018-2023.
- Total assets have remained substantial, ranging from $15.3M to $19.8M over the past 8 years, indicating significant organizational resources.
Frequently Asked Questions about Ogontz Avenue Revitalization Corp
Is Ogontz Avenue Revitalization Corp a legitimate charity?
Ogontz Avenue Revitalization Corp (EIN: 222483318) is a registered tax-exempt nonprofit based in Pennsylvania. Our AI analysis gives it a Mission Score of 65/100. It has 13 years of IRS 990 filings on record. Total revenue: $2.6M. 3 red flags identified. 2 strengths noted. Financial health grade: A.
How does Ogontz Avenue Revitalization Corp spend its money?
Ogontz Avenue Revitalization Corp reported $2.6M in total revenue in IRS 990 filings. 13 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Ogontz Avenue Revitalization Corp tax-deductible?
Ogontz Avenue Revitalization Corp is registered as a tax-exempt nonprofit (EIN: 222483318). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Ogontz Avenue Revitalization Corp located?
Ogontz Avenue Revitalization Corp is headquartered in Philadelphia, Pennsylvania and files with the IRS under EIN 222483318.
How many years of IRS 990 filings does Ogontz Avenue Revitalization Corp have?
Ogontz Avenue Revitalization Corp has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $2.6M in total revenue.
What does Ogontz Avenue Revitalization Corp do?
Ogontz Avenue Revitalization Corp is a nonprofit organization in the Unknown sector, located in Philadelphia, Pennsylvania. It is classified under NTEE code Unknown.
How much revenue does Ogontz Avenue Revitalization Corp have?
Ogontz Avenue Revitalization Corp reported total revenue of $2,593,140. Based on 13 IRS 990 filings on record.
What are Ogontz Avenue Revitalization Corp's total assets?
Ogontz Avenue Revitalization Corp holds total assets of $15,379,655 as reported in IRS 990 filings.
Where is Ogontz Avenue Revitalization Corp located?
Ogontz Avenue Revitalization Corp is based in Philadelphia, Pennsylvania.
What is Ogontz Avenue Revitalization Corp's EIN?
Ogontz Avenue Revitalization Corp's Employer Identification Number (EIN) is 222483318. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Ogontz Avenue Revitalization Corp?
Ogontz Avenue Revitalization Corp is classified under NTEE code Unknown (Unknown).
Is Ogontz Avenue Revitalization Corp a registered 501(c)(3)?
Ogontz Avenue Revitalization Corp appears in IRS records (EIN: 222483318). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Ogontz Avenue Revitalization Corp file IRS Form 990?
Yes, Ogontz Avenue Revitalization Corp has 13 IRS Form 990 filings on record. The most recent covers tax period 202306.
What was Ogontz Avenue Revitalization Corp's revenue in 2023?
In the 202306 filing period, Ogontz Avenue Revitalization Corp reported total revenue of $2,345,409, total expenses of $2,224,622, and net assets of $16,037,185.
Is Ogontz Avenue Revitalization Corp's revenue growing or declining?
Ogontz Avenue Revitalization Corp's revenue is relatively stable. Revenue went from $2,243,490 (202206) to $2,345,409 (202306), a +4.5% change. Based on 13 filings on record.
What is Ogontz Avenue Revitalization Corp's most recent 990 filing?
The most recent IRS Form 990 filing for Ogontz Avenue Revitalization Corp covers tax period 202306. It shows revenue of $2,345,409, expenses of $2,224,622, total assets of $16,037,185, and liabilities of $7,448,664.
Is Ogontz Avenue Revitalization Corp a trustworthy charity?
Based on AI analysis of IRS 990 data, Ogontz Avenue Revitalization Corp shows mixed signals. Mission Score: 65/100 (Good). 3 red flags identified. 2 strengths noted.
What are the red flags for Ogontz Avenue Revitalization Corp?
The following concerns were identified: The organization consistently reports 0% for 'c' (compensation or program expenses) across all years, which is highly unusual and suggests a lack of detailed expense reporting.. Liabilities consistently exceed assets in several years (e.g., 2016, 2017, 2018, 2019, 2020, 2021, 2022, 2023), indicating potential financial instability or reliance on debt.. The absence of a clear breakdown for program, administrative, and fundraising expenses makes it impossible to determine how funds are being utilized to achieve the mission.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Ogontz Avenue Revitalization Corp's strengths?
Positive indicators for Ogontz Avenue Revitalization Corp include: The organization has maintained a relatively stable revenue stream over the past several years, with revenues around $2.2M - $2.5M from 2018-2023.. Total assets have remained substantial, ranging from $15.3M to $19.8M over the past 8 years, indicating significant organizational resources.. These findings are derived from AI analysis of the organization's financial filings.
How does Ogontz Avenue Revitalization Corp compensate executives?
Executive compensation cannot be assessed as no specific compensation figures for executives were provided in the available data. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent reporting of 'c0%' across all years, how does Ogontz Avenue Revitalization Corp account for its operational expenses and demonstrate its programmatic impact?
The 'c0%' value in the provided data is highly unusual for any operating nonprofit. Without a detailed breakdown of expenses (e.g., program, administrative, fundraising), it's impossible to understand how the organization allocates its $2.2M - $3.0M in annual revenue and what portion directly supports its revitalization programs. This lack of transparency significantly hinders an assessment of its operational efficiency and mission effectiveness.
What is the nature of the significant liabilities that consistently exceed assets in many years, and how does the organization manage this financial structure?
The consistent reporting of liabilities exceeding assets (e.g., $7,448,664 in liabilities vs. $16,037,185 in assets in 2023, but $12,008,456 in liabilities vs. $19,561,942 in assets in 2019, and $8,035,626 in liabilities vs. $3,888,264 in assets in 2016) suggests a reliance on debt or specific types of restricted funds. Understanding the composition of these liabilities (e.g., mortgages, program-related investments, or other long-term debt) is crucial to assessing the organization's long-term financial health and sustainability.
Filing History
IRS 990 filing history for Ogontz Avenue Revitalization Corp showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Ogontz Avenue Revitalization Corp's revenue has declined by 82%, moving from $13.1M to $2.3M. Total assets decreased by 40.2% over the same period, from $26.8M to $16.0M. Total functional expenses fell by 68%, from $6.9M to $2.2M. In its most recent filing year (2023), Ogontz Avenue Revitalization Corp reported a surplus of $121K, with revenue exceeding expenses. The organization holds $7.4M in liabilities against $16.0M in assets (debt-to-asset ratio: 46.4%), resulting in net assets of $8.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.3M | $2.2M | $16.0M | $7.4M | — | — |
| 2022 | $2.2M | $1.9M | $16.6M | $8.1M | — | View 990 |
| 2021 | $2.2M | $1.8M | $17.0M | $8.8M | — | View 990 |
| 2020 | $3.1M | $2.3M | $18.5M | $10.8M | — | View 990 |
| 2019 | $2.3M | $2.5M | $19.6M | $12.0M | — | View 990 |
| 2018 | $2.4M | $2.1M | $19.7M | $11.9M | — | View 990 |
| 2017 | $8.2M | $3.3M | $19.9M | $12.3M | — | View 990 |
| 2016 | $635K | $1.5M | $3.9M | $8.0M | — | View 990 |
| 2015 | $1.1M | $1.5M | $4.0M | $7.2M | — | View 990 |
| 2014 | $978K | $4.2M | $6.1M | $10.8M | — | View 990 |
| 2013 | $1.1M | $3.3M | $12.7M | $8.0M | — | View 990 |
| 2012 | $3.6M | $4.6M | $25.5M | $18.6M | — | View 990 |
| 2011 | $13.1M | $6.9M | $26.8M | $19.0M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.3M, expenses of $2.2M, and assets of $16.0M (revenue +4.5% year-over-year).
- 2022: Revenue of $2.2M, expenses of $1.9M, and assets of $16.6M (revenue +1.6% year-over-year).
- 2021: Revenue of $2.2M, expenses of $1.8M, and assets of $17.0M (revenue -27.7% year-over-year).
- 2020: Revenue of $3.1M, expenses of $2.3M, and assets of $18.5M (revenue +33.3% year-over-year).
- 2019: Revenue of $2.3M, expenses of $2.5M, and assets of $19.6M (revenue -3.7% year-over-year).
- 2018: Revenue of $2.4M, expenses of $2.1M, and assets of $19.7M (revenue -70.9% year-over-year).
- 2017: Revenue of $8.2M, expenses of $3.3M, and assets of $19.9M (revenue +1185.4% year-over-year).
- 2016: Revenue of $635K, expenses of $1.5M, and assets of $3.9M (revenue -43.3% year-over-year).
- 2015: Revenue of $1.1M, expenses of $1.5M, and assets of $4.0M (revenue +14.5% year-over-year).
- 2014: Revenue of $978K, expenses of $4.2M, and assets of $6.1M (revenue -10.5% year-over-year).
- 2013: Revenue of $1.1M, expenses of $3.3M, and assets of $12.7M (revenue -69.9% year-over-year).
- 2012: Revenue of $3.6M, expenses of $4.6M, and assets of $25.5M (revenue -72.2% year-over-year).
- 2011: Revenue of $13.1M, expenses of $6.9M, and assets of $26.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Ogontz Avenue Revitalization Corp:
Data Sources and Methodology
This transparency report for Ogontz Avenue Revitalization Corp 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.