CENTRAL PHILADELPHIA DEVELOPMENT CORPORATION C/O CENTER CITY DISTRICT Charity Report

Public IRS 990 nonprofit record

CENTRAL PHILADELPHIA DEVELOPMENT CORPORATION C/O CENTER CITY DISTRICT

EIN 23-1583209 · Arts, Culture & Humanities (A26Z)

What they do

to STRENGTHEN THE COMPETITIVENESS of CENTER CITY PHILADELPHIA AS AN ATTRACTIVE PLACE to WORK, to VISIT, and to LIVE to ENHANCE CENTER CITY AS THE VIBRANT HUB of THE GREATER PHILADELPHIA REGION THROUGH RESEARCH, PLANNING, ADVOCACY, and PRIVATE SECTOR LEADERSHIP and VISION

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $29.00 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders40 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

33.73%of revenue went to mission work29.0% of expenses · Program services

23.55%of revenue went to fundraising20.2% of expenses

$116.46spent for every $100 of revenueSpending was higher than revenue this year.

59.19%of revenue went to management and office costs50.8% of expenses

$1.75in assets for every $1 spent this yearSome assets cannot be spent right away.

99.9%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $39,987 this year. Ask whether that was planned or caused by a one-time event.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$242,922

Mission workProgram services$81,93733.73% of revenue29.0% of expenses

ManagementOffice and general costs$143,77459.19% of revenue50.8% of expenses

FundraisingAsking for donations$57,19823.55% of revenue20.2% of expenses

Total expenses$282,909116.46% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 29.0% mission · 50.8% management · 20.2% fundraisingTotal expenses: 116.46% of revenue

2023Expense mix: 24.1% mission · 64.4% management · 11.5% fundraisingTotal expenses: 86.17% of revenue

2022Expense mix: 29.8% mission · 54.4% management · 15.8% fundraisingTotal expenses: 101.62% of revenue

2021Expense mix: 16.9% mission · 54.4% management · 28.7% fundraisingTotal expenses: 164.87% of revenue

2020Expense mix: 15.1% mission · 53.0% management · 31.8% fundraisingTotal expenses: 73.59% of revenue

2019Expense mix: 42.9% mission · 38.6% management · 18.4% fundraisingTotal expenses: 85.06% of revenue

2018Expense mix: 63.0% mission · 29.8% management · 7.2% fundraisingTotal expenses: 122.49% of revenue

2017Expense mix: 72.0% mission · 24.9% management · 3.1% fundraisingTotal expenses: 233.64% of revenue

Money in and money out

Revenue$242,922

Expenses$282,909

Annual shortfall $39,987 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$81,937 · 29.0% of expenses

Management and office costs$143,774 · 50.8% of expenses

Fundraising$57,198 · 20.2% of expenses

See all reported dollar amounts

Revenue$242,922

Expenses$282,909

Assets$493,957

Income$242,922

Contributions$242,775

Mission work (program services)$81,937

Fundraising$57,198

Grants given$38,283

Average grant$38,283

Management and general$143,774

Accounting fees$25,244

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

No compensation was reported for these leaders. The complete board and leadership roster is shown below.

Board and leadership roster (40)

MIGUEL BAPTISTADIRECTOR

JOSEPH W HEALYDIRECTOR

JULIAN P RACKOW ESQEMERITUS / NO VOTING RIGHTS

KENNETH FULMERDIRECTOR

MARC D BROOKMAN ESQEMERITUS / NO VOTING RIGHTS

MARK MERLINIDIRECTOR

MARK A DUFFYDIRECTOR

MARK L SILOW ESQDIRECTOR

MARK T CELONI PEDIRECTOR

MATTHEW N MCCLURE ESQDIRECTOR

JON ROBINSDIRECTOR

MISSY A QUINNDIRECTOR

MONICA JINDIADIRECTOR

PETER KELSEN ESQDIRECTOR

PREMA GUPTACEO/EXECUTIVE DIRECTOR

RACHEL LEWISDIRECTOR

RIJA BEARESDIRECTOR

ROBERT D LANE JR ESQEMERITUS / NO VOTING RIGHTS

RYAN ADEDIRECTOR

SHAWN MCCANEYDIRECTOR

DANIEL KILLINGERDIRECTOR

AJAMU JOHNSONDIRECTOR

ALAN C KESSLER ESQVICE PRESIDENT

ANDREW COLERDIRECTOR

ANNE PAPAGEORGEDIRECTOR

BRADLEY A KROUSE ESQDIRECTOR

BRANTON HENDERSONDIRECTOR

BRIAN BERSONDIRECTOR

CHRISTOPHE P TERLIZZITREASURER

CHRISTOPHER W ROSENBLEETH ESQDIRECTOR

AARON GRAVESDIRECTOR

DAVID MOOS AIADIRECTOR

EDWARD M DALBA PECHAIR & EMERITUS / NO VOTING RIGHTS

ERIK F WILLIAMSDIRECTOR

H HETHERINGTON SMITHVICE PRESIDENT

HAROLD DICHTERDIRECTOR

HEATHER CROWELLDIRECTOR

JAMES R PEARLSTEINPRESIDENT

JASON A TUCKERDIRECTOR

JOHN DERHAMSECRETARY

About this charity

Recognized since: January 1962
Location: 660 CHESTNUT ST, PHILADELPHIA, PA 19106-2308
County: Philadelphia
In care of: % CENTER CITY DISTRICT
Primary officer: PREMA GUPTA, CEO

How to reach them

WebsiteVisit the charity’s website Emailinfo@centercityphila.org Phone(215) 440-5517

Filing and classification

Latest tax year: 2024
Tax period began: January 1, 2024
Return type: 990
Tax preparer: KREISCHER MILLER
NTEE classification: Arts, Culture & Humanities (A26Z)
Grant-giving organization: Yes