The Philadelphia Society Of Free Letts in Philadelphia, Pennsylvania (PA)

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The Philadelphia Society Of Free Letts
Employer Identification Number (EIN)236297399
Name of OrganizationThe Philadelphia Society Of Free Letts
Address531 N 7th St, Philadelphia, PA 19123-3501
ActivitiesLibrary, Other cultural or historical activities
SubsectionCharitable Organization
Ruling Date07/1984
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
Exempt Organization StatusUnconditional Exemption
Tax Period12/2011
Assets$100,000 to $499,999
Income$25,000 to $99,999
Filing Requirement990 - Required to file Form 990-N - Income less than $25,000 per year
Asset Amount$125,031
Amount of Income$46,033
Form 990 Revenue Amount$33,446

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Financial snapshot ($)

Revenue for 2011

Revenue, Expenses, and Changes in Net Assets or Fund Balances (for 2011)
Total revenue$33,446
Contributions, gifts, grants, and similar amounts received$15,479
Program service revenue including government fees and contracts$1,861
Membership dues and assessments$3,835
Investment income$72
Gain from sale of assets other than inventory$0
Net income from gaming and fundraising events$0
Gross profit from sales of inventory$2,072
Gross sales of inventory, less returns and allowances$14,659
Less: cost of goods sold$12,587
Other revenue$10,127
Total expenses$39,321
Total net assets$125,031
Deficit for the year$-5,875
Net assets or fund balances at beginning of year$130,906
Other changes in net assets or fund balances$0
Balance Sheets (for 2011)
Total assets$125,031
Total liabilities$0
Net assets or fund balances$125,031
Other Information (for 2011)
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNo
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
Reason for Public Charity Status (for 2011)
The organization is not a private foundation because it is:An organization that normally receives: (1) more than 33 1/3 % of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33 1/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975
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