Skip to main content
IRS-authorized e-file provider · not the IRS

Nonprofit · EIN 87-2442054

THE-PHILADELPHIA POVERTY ACTION FUND

Tax-exempt · PHILADELPHIA, PA 19103

Financials

$1.5M$8.4M2022$5.4M$7.4M2023$626K$3.1M2024
Revenue Expenses · by fiscal year end
Financials of THE-PHILADELPHIA POVERTY ACTION FUND by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$625,880$3,134,590-$2,508,710$3,360,565$1,242,820$2,117,745
June 30, 2024990$5,442,006$7,429,718-$1,987,712$6,997,569$2,371,114$4,626,455
June 30, 2023990$1,546,151$8,430,259-$6,884,108$8,163,754$1,577,087$6,586,667
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$496,425
Program service revenue
$0
Investment income
$129,455
Other revenue
$0

Expenses

Grants and similar amounts paid
$2,056,681
Compensation of officers, directors and key employees
$281,144
Other salaries and wages
$239,916
Salaries, compensation and benefits (total)
$521,060
Professional fundraising fees
$0
Occupancy
$12,120
Program services (functional)
$2,895,587
Management and general (functional)
$167,670
Fundraising (functional)
$71,333

Balance sheet and other

Total assets, start of year
$6,997,569
Total assets, end of year
$3,360,565
Total liabilities, end of year
$1,242,820
Net assets, end of year
$2,117,745
Net assets without donor restrictions
-$129,348
Net assets with donor restrictions
$2,247,093
Gross receipts
$625,880
Employees
0
Volunteers
5
Year formed
2021
State of legal domicile
PA

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended June 30, 2025, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
MICHAEL BANKSEXECUTIVE DIRECTOR
Officer
37.5$221,958$27,106
DALILA WILSON-SCOTTBOARD CHAIR
Trustee or director, Officer
1$0$0
DOUGLAS OLIVERVICE CHAIR
Trustee or director, Officer
1$0$0
HARRIET WEISSDIRECTOR
Trustee or director
1$0$0
LESLIE CALLAHANDIRECTOR
Trustee or director
1$0$0
MICHAEL FIELDSDIRECTOR (THRU 12/2024)
Trustee or director
1$0$0
SUSAN JACOBSONDIRECTOR
Trustee or director
1$0$0
WILLIAM A GOLDERERDIRECTOR
Trustee or director
1$0$0
990 for the year ended June 30, 2024: 9 people
NameTitleHours / weekCompensationOther / benefits
MICHAEL BANKSEXECUTIVE DIRECTOR
Officer
37.5$228,086$34,348
DALILA WILSON-SCOTTBOARD CHAIR
Trustee or director, Officer
1$0$0
DOUGLAS OLIVERVICE CHAIR
Trustee or director, Officer
1$0$0
LESLIE CALLAHANDIRECTOR
Trustee or director
1$0$0
MICHAEL FIELDSDIRECTOR
Trustee or director
1$0$0
WILLIAM A GOLDERERDIRECTOR
Trustee or director
1$0$0
SUSAN JACOBSONDIRECTOR
Trustee or director
1$0$0
MITCHELL LITTLEDIRECTOR (THRU 4/24)
Trustee or director
1$0$0
HARRIET WEISSDIRECTOR
Trustee or director
1$0$0
990 for the year ended June 30, 2023: 12 people
NameTitleHours / weekCompensationOther / benefits
MICHAEL BANKSEXECUTIVE DIRECTOR
Officer
37.5$200,085$5,740
DALILA WILSON-SCOTTBOARD CHAIR
Trustee or director, Officer
1$0$0
DOUGLAS OLIVERVICE CHAIR
Trustee or director, Officer
1$0$0
TIFFANY TAVAREZSECRETARY
Trustee or director, Officer
1$0$0
BART BLATSTEINDIRECTOR
Trustee or director
1$0$0
LESLIE CALLAHANDIRECTOR
Trustee or director
1$0$0
MICHAEL FIELDSDIRECTOR
Trustee or director
1$0$0
WILLIAM A GOLDERERDIRECTOR
Trustee or director
1$0$0
SUSAN JACOBSONDIRECTOR
Trustee or director
1$0$0
MITCHELL LITTLEDIRECTOR
Trustee or director
1$0$0
HARRIET WEISSDIRECTOR
Trustee or director
1$0$0
AMY C LEICHNERCFO - UWGPSNJ
Officer
1$0$0

Address and contacts

Address (IRS master file)
1800 JOHN F KENNEDY BLVD STE 1200, PHILADELPHIA, PA 19103-7418
In care of
% HARRY MCCLOSKEY
Principal officer (990 for 2024)
WILLIAM A GOLDERER, 1800 JOHN F KENNEDY BLVD 1200, PHILADELPHIA, PA 19103
Signed the 990
WILLIAM A GOLDERER, CEO, UWGPSNJ
Phone
(215) 994-2415
Return prepared by
BDO USA

Mission

THE PHILADELPHIA POVERTY ACTION FUND PROVIDES FUNDING & ADMINISTERS GRANTS TO NON-PROFIT ORGANIZATIONS & PARTNERSHIPS IN ORDER TO CONNECT INDIVIDUALS & FAMILIES TO IMPORTANT ECONOMIC SECURITY PROGRAMS, PUBLIC BENEFITS WORKFORCE PROGRAMS THAT CAN HELP LIFT THEM OUT OF POVERTY & HELP ENSURE EQUITABLE ECONOMIC RECOVERY IN PHILADELPHIA.

990 for the year ended June 30, 2025

Program accomplishments

  • PROGRAMS ARE DESIGNED TO CONNECT PEOPLE EXPERIENCING POVERTY WITH PUBLIC BENEFITS, SUBSIDIES & RESOURCES FOR WHICH THEY ARE ELIGIBLE, FOR INSTANCE, FREE TAX PREPARATION, ACCESS TO BENEFITS & WAGE SUPPORTS, & FINANCIAL & LEGAL COUNSELING.
    Expenses $2,895,587 · grants $2,056,681

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025990 on file
2023June 30, 2024November 15, 2024990 on file

IRS record

EIN
87-2442054
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2023
Accounting year ends
June
Files
Form 990 or 990-EZ
Assets (IRS master file)
$3,360,565
Income (IRS master file)
$625,880

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025$625,880$3,134,590$3,360,565IRS
990June 2024$5,442,006$7,429,718$6,997,569XML
990June 2023$1,546,151$8,430,259$8,163,754XML
990June 2022$10,809,403$4,332,413$14,768,275IRS
990June 2021$12,860,000$5,866,215$10,960,000IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 87-2442054).

Questions about THE-PHILADELPHIA POVERTY ACTION FUND

What is the EIN of THE-PHILADELPHIA POVERTY ACTION FUND?
The employer identification number (EIN) of THE-PHILADELPHIA POVERTY ACTION FUND is 87-2442054.
Is THE-PHILADELPHIA POVERTY ACTION FUND tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2023.
Are donations to THE-PHILADELPHIA POVERTY ACTION FUND tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does THE-PHILADELPHIA POVERTY ACTION FUND file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of THE-PHILADELPHIA POVERTY ACTION FUND due?
The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did THE-PHILADELPHIA POVERTY ACTION FUND last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended June 2025.
Who is the principal officer of THE-PHILADELPHIA POVERTY ACTION FUND?
The 990 for the year ended June 30, 2025 names WILLIAM A GOLDERER.
Who are the officers and directors of THE-PHILADELPHIA POVERTY ACTION FUND?
The 990 for the year ended June 30, 2025 lists 8 people; 1 received compensation from the organization, the highest $221,958 (MICHAEL BANKS, EXECUTIVE DIRECTOR).
How much revenue does THE-PHILADELPHIA POVERTY ACTION FUND have?
On its 990 for the year ended June 30, 2025 it reported revenue of $625,880, expenses of $3,134,590 and total assets of $3,360,565 at year end.

Other nonprofits in PHILADELPHIA

All nonprofits in PHILADELPHIA · Pennsylvania · Community improvement and capacity building