PHILADELPHIA CONTEMPORARY

EIN: 811252189 501(c)(3) Human Services

PHILADELPHIA, PA

Total Revenue
$778,622
Total Expenses
$1,021,876
Total Assets
$240,649
Net Assets
$114,327
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2016
Legal Domicile
PA
Principal Officer
HARRY PHILBRICK
Phone
2034824706
Tax Period
2023-01-01 to 2023-12-31

PHILADELPHIA CONTEMPORARY, founded in 2016, is a small nonprofit in the Human Services sector that reported $779K in total revenue in fiscal year 2023. Revenue fell 37% from the prior year — a significant decline worth monitoring. Expenses of $1.0M exceeded revenue, resulting in a 31% operating deficit.

Mission

WE CONNECT THE PEOPLE AND PLACES OF PHILADELPHIA THROUGH ART AND PARTNERSHIP. THE ORGANIZATION IS A FREE-STANDING PLATFORM THAT ENDEAVORS TO SHOW FORWARD-THINKING, HIGH-QUALITY CONTEMPORARY VISUAL AND PERFORMANCE ART IN THE CITY. THE ORGANIZATION IS A NEXUS FOR EMERGING CULTURAL PRODUCERS, DIVERSE FOUNDATIONS AND SUPPORTERS AS WELL AS DYNAMIC AUDIENCES AND COMMUNITIES IN AND BEYOND THE CITY. RATHER THAN ACQUIRING AND MAINTAINING A PERMANENT COLLECTION, THE ORGANIZATION IS A NON-COLLECTING, MULTI- DISCIPLINARY, AND SUSTAINABLE ART VENUE FOR THE 21ST CENTURY.

Program Service Accomplishments

Program 1
Expenses: $237,086

THROUGH PROGRAMMATIC INNOVATION, THE SPOKEN WORD PROGRAM EXPLORES NOTIONS OF PERSONAL AND COLLECTIVE LIBERTY THROUGH THE ACT OF SPEECH AND ELEVATES POETRY, SPOKEN WORD, AND PERFORMANCE TO COEQUAL...

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THROUGH PROGRAMMATIC INNOVATION, THE SPOKEN WORD PROGRAM EXPLORES NOTIONS OF PERSONAL AND COLLECTIVE LIBERTY THROUGH THE ACT OF SPEECH AND ELEVATES POETRY, SPOKEN WORD, AND PERFORMANCE TO COEQUAL BRANCHES OF CONTEMPORARY ART.

Program 2
Expenses: $380,199

THE CITYWIDE INITIATIVES PROGRAMMING RECOGNIZES SOCIAL ENGAGEMENT AS THE DETERMINING FACTOR IN PROGRAMMING ACROSS COMMUNITIES AND THROUGHOUT THE NEIGHBORHOODS OF THE CITY. THIS PROGRAM FOREGROUNDS...

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THE CITYWIDE INITIATIVES PROGRAMMING RECOGNIZES SOCIAL ENGAGEMENT AS THE DETERMINING FACTOR IN PROGRAMMING ACROSS COMMUNITIES AND THROUGHOUT THE NEIGHBORHOODS OF THE CITY. THIS PROGRAM FOREGROUNDS ACCOUNTABILITY, RECIPROCITY, AND LISTENING AS THE VALUES THAT CENTER OUR WORK.

Program 3
Expenses: $16,642

ECOLOGICAL FUTURES PROGRAMMING FOCUSES ON OUR SUSTAINED RELATIONSHIP WITH THE DELAWARE RIVER AND ADDRESSES ISSUES AROUND ENVIRONMENTAL JUSTICE, CLIMATE CHANGE AND ENVIRONMENTAL CRISES ESPECIALLY...

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ECOLOGICAL FUTURES PROGRAMMING FOCUSES ON OUR SUSTAINED RELATIONSHIP WITH THE DELAWARE RIVER AND ADDRESSES ISSUES AROUND ENVIRONMENTAL JUSTICE, CLIMATE CHANGE AND ENVIRONMENTAL CRISES ESPECIALLY THOSE IMPACTING OUR URBAN COMMUNITY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $778,584
Program Service Revenue $0
Investment Income $38
Other Revenue $0
TOTAL REVENUE $778,622

Expense Breakdown

Grants Paid $0
Salaries & Benefits $503,637
Fundraising Expenses $172,379
Program Expenses $747,813
Other Expenses $518,239
TOTAL EXPENSES $1,021,876

Year-over-Year Comparison

2023 2022 Change
Revenue $778,622 $1,233,472 -0.4%
Expenses $1,021,876 $2,637,635 -0.6%
Net Income $-243,254 $-1,404,163 -0.8%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
3
Independent Members
3
Employees
6
Volunteers
N/A

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
3
$39,768
Total Directors
3
$39,768
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JUDITH THOMAS CHIEF OF STA 40.00
Highest
$102,500 $0 $102,500
HARRY PHILBRICK PRESIDENT 40.00
Officer Director
$39,768 $0 $39,768
JENNY BOGONI TREASURER 2.00
Officer Director
$0 $0 $0
SAMUEL OLSHIN SECRETARY 2.00
Officer Director
$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
2023 $778,622 $1,021,876 $240,649 $-243,254
2022 $1,233,472 $2,637,635 $729,494 $-1,404,163
2021 $1,163,475 $2,078,429 $2,094,890 $-914,954
2020 $2,783,508 $2,148,339 $3,101,199 $635,169
2019 $3,737,072 $2,334,504 $2,434,784 $1,402,568
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