HISTORIC PHILADELPHIA INC

EIN: 232764558 501(c)(3) Arts, Culture & Humanities

PHILADELPHIA, PA

Total Revenue
$4,263,920
Total Expenses
$4,762,507
Total Assets
$4,816,512
Net Assets
$2,729,019
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1994
Legal Domicile
PA
Principal Officer
AMY NEEDLE
Phone
2156295801
Tax Period
2024-04-01 to 2025-03-31

HISTORIC PHILADELPHIA INC, founded in 1994, is a community nonprofit in the Arts, Culture & Humanities sector that reported $4.3M in total revenue in fiscal year 2024. Expenses of $4.8M exceeded revenue, resulting in a 12% operating deficit.

Mission

HISTORIC PHILADELPHIA, INC MAKES OUR NATION'S HISTORY RELEVANT AND REAL THROUGH INTERPRETATION, INTERACTION AND EDUCATION, STRENGTHENING GREATER PHILADELPHIA'S ROLE AS THE DESTINATION TO EXPERIENCE AMERICAN HISTORY.

Program Service Accomplishments

Program 1
Expenses: $3,847,664 Revenue: $2,872,802

HISTORIC PHILADELPHIA, INC. (HPI) IS CHARGED WITH ENHANCING THE VISITOR EXPERIENCE AND HELPING TO STRENGTHEN PHILADELPHIA'S TOURISM INDUSTRY THROUGH INTERPRETATION AND INTERACTION, MAKING OUR...

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HISTORIC PHILADELPHIA, INC. (HPI) IS CHARGED WITH ENHANCING THE VISITOR EXPERIENCE AND HELPING TO STRENGTHEN PHILADELPHIA'S TOURISM INDUSTRY THROUGH INTERPRETATION AND INTERACTION, MAKING OUR NATION'S HISTORY RELEVANT AND REAL. HPI REACHES HUNDREDS OF THOUSANDS OF PEOPLE ANNUALLY THROUGH ITS SIGNATURE PROGRAMS, WHICH INCLUDE:HISTORIC PHILADELPHIA, INC.'S (HPI) MISSION IS TO MAKE OUR NATION'S HISTORY RELEVANT, REAL, AND FUN BY ENLIVENING HISTORIC SITES THROUGH STORYTELLING, INTERACTIONS, AND EDUCATION. 1. ONCE UPON A NATION - UNIQUE HERITAGE INITIATIVE, INCORPORATING: A. ACADEMICALLY RESEARCHED INTERPRETIVE STORYTELLING AT 10 LOCATIONS IN PHILADELPHIA'S HISTORIC DISTRICT AND TWO LOCATIONS IN VALLEY FORGE NATIONAL HISTORICAL PARK B. INTERACTIVE WALKING "ADVENTURE TOURS," LED WITHIN PHILADELPHIA'S HISTORIC DISTRICT AND VALLEY FORGE NATIONAL HISTORICAL PARK, AND ENGAGING EVENING PERFORMANCES C. COLONIAL INTERPRETIVE PERFORMANCES THROUGHOUT PHILADELPHIA'S HISTORIC DISTRICT D. BENSTITUTE, AN INTENSIVE TRAINING FOR ALL SEASONAL EMPLOYEES THAT ADDRESSES HISTORICAL, THEATRICAL, AND TOURISM CONTENT E. EDUCATIONAL PROGRAMS CREATED BY CLASSROOM EDUCATORS, FOR CLASSROOM EDUCATORS, SPECIFICALLY DESIGNED FOR A WIDE RANGE OF LEARNERS WITH A VARIETY OF INTERESTS AND LEARNING STYLES.THROUGH ONCE UPON A NATION, HPI ENGAGES VISITORS WITH FIRST-PERSON HISTORICAL INTERPRETATION AND STORYTELLING THAT BRINGS AMERICAN HISTORY TO LIFE AND STRENGTHENS PHILADELPHIA'S ROLE AS A LEADING DESTINATION FOR CULTURAL AND EDUCATIONAL TOURISM IN PHILADELPHIA'S HISTORIC DISTRICT AND VALLEY FORGE.2. BETSY ROSS HOUSE - THE PRESERVED, HISTORIC SITE DEDICATED TO TELLING THE STORY OF BETSY ROSS AND COLONIAL MIDDLE-CLASS WOMEN IN PHILADELPHIAHISTORIC PHILADELPHIA, INC. OPERATES THE BETSY ROSS HOUSE, WHICH WELCOMES OVER 80,000 VISITORS ANNUALLY AND INTERPRETS THE LIFE OF BETSY ROSS AND COLONIAL-ERA WOMEN THROUGH TOURS, LIVING HISTORY, AND PUBLIC PROGRAMS.3. FRANKLIN SQUARE - THE REVITALIZED AND TRANSFORMED DESTINATION ESTABLISHING GREEN SPACE, COMMUNITY PROGRAMMING, AND ATTRACTIONS FOR VISITORS AND AREA RESIDENTS.HISTORIC PHILADELPHIA, INC. (HPI) OPERATES FRANKLIN SQUARE, A 7.5-ACRE PUBLIC PARK SERVING MORE THAN 700,000 VISITORS ANNUALLY. IT IS THE LARGEST PUBLIC GREEN SPACE SERVING OLD CITY, CALLOWHILL, AND THE CHINATOWN COMMUNITY. FRANKLIN SQUARE PROVIDES FAMILY ATTRACTIONS AND MORE THAN 50 FREE PUBLIC PROGRAMS EACH YEAR..

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,083,343
Program Service Revenue $2,872,802
Investment Income $18,608
Other Revenue $289,167
TOTAL REVENUE $4,263,920

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,793,524
Fundraising Expenses $262,229
Program Expenses $3,847,664
Other Expenses $2,968,983
TOTAL EXPENSES $4,762,507

Year-over-Year Comparison

2024 2023 Change
Revenue $4,263,920 $3,999,577 +0.1%
Expenses $4,762,507 $4,072,021 +0.2%
Net Income $-498,587 $-72,444 +5.9%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
23
Independent Members
23
Employees
123
Volunteers
50

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$182,960
Total Directors
24
$182,960
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOSHUA WOLSON CHAIRMAN 1.00
Officer Director
$0 $0 $0
BRIAN ROMANI DIRECTOR 1.00
Director
$0 $0 $0
FLORA BECKER DIRECTOR 1.00
Director
$0 $0 $0
KAREN BUTLER DIRECTOR 1.00
Director
$0 $0 $0
IAN COMISKY DIRECTOR 1.00
Director
$0 $0 $0
LAUREN FELDHAKE DIRECTOR 1.00
Director
$0 $0 $0
MERYL LEVITZ DIRECTOR 1.00
Director
$0 $0 $0
MARC OPPENHEIMER VICE CHAIRMAN 1.00
Officer Director
$0 $0 $0
EDWARD RENDELL DIRECTOR 1.00
Director
$0 $0 $0
BEN ARMSTRONG DIRECTOR 1.00
Director
$0 $0 $0
JOE VOLPE DIRECTOR 1.00
Director
$0 $0 $0
SHEILA HESS DIRECTOR 1.00
Director
$0 $0 $0
JENNIFER SCHWARTZ DIRECTOR 1.00
Director
$0 $0 $0
WILLIAM HAINES IV DIRECTOR 1.00
Director
$0 $0 $0
RICK ODORISIO TREASURER 1.00
Officer Director
$0 $0 $0
ROB GHORMOZ DIRECTOR 1.00
Director
$0 $0 $0
JOSEPH PERNA DIRECTOR 1.00
Director
$0 $0 $0
JAZELLE JONES DIRECTOR 1.00
Director
$0 $0 $0
CHRISTOPHER NANASINKAM DIRECTOR 1.00
Director
$0 $0 $0
AMY NEEDLE PRESIDENT 40.00
Officer Director
$182,960 $0 $182,960
JOHN ESTEY DIRECTOR 1.00
Director
$0 $0 $0
SIM LOH DIRECTOR 1.00
Director
$0 $0 $0
MICHAEL OKENQUIST DIRECTOR 1.00
Director
$0 $0 $0
WENDY VERNA DIRECTOR 1.00
Director
$0 $0 $0
JOSHUA L GRIMES ESQ SECRETARY 1.00
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $4,263,920 $4,762,507 $4,816,512 $-498,587
2024 $3,999,577 $4,072,021 $4,670,759 $-72,444
2023 $4,380,285 $3,748,765 $5,009,687 $631,520
2022 $2,948,656 $2,755,846 $3,283,925 $192,810
2022 $2,948,656 $2,752,507 $3,283,925 $196,149
2021 $1,904,763 $1,884,684 $3,229,388 $20,079
2020 $3,609,323 $3,708,633 $3,154,796 $-99,310
2019 $4,815,037 $3,852,154 $4,332,864 $962,883
2018 $3,482,967 $3,537,707 $1,988,222 $-54,740
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