Form 990 for tax year 2024

Totals

Total revenue

$4,923,382

Total expenses

$4,921,883

Contributions and grants received

$3,692,247

Grants paid

$15,832

Program service revenue

$1,219,528

Investment income

$11,607

Other revenue

$0

Total assets, end of year

$1,841,306

Total liabilities, end of year

$1,712,838

Net assets or fund balances, end of year

$128,468

Program services expenses (Part IX)

$3,160,203

Management and general expenses

$1,441,407

Fundraising expenses

$320,273

Program service expenses (Part III)

$3,160,203

Program services were 64.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Mission and programs · 2024

• THE ECONOMY LEAGUE OF GREATER PHILADELPHIA FOSTERS EQUITABLE AND INCLUSIVE GROWTH IN GREATER PHILADELPHIA BY PRODUCING IMPACTFUL, NONPARTISAN RESEARCH, CONNECTING DIVERSE LEADERS, AND ADVANCING SHARED SOLUTIONS. THE ELGP IS OUR REGION'S INDEPENDENT 'THINK-AND-DO TANK,' FOUNDED IN 1909 BY FORWARD-THINKING CIVIC LEADERS, UNITED BY THE BELIEF THAT BUSINESS HAS A CIVIC RESPONSIBILITY BEYOND PROFIT-MAKING, AND THAT IT IS THE CITIZENS BUSINESS TO ENSURE THAT LOCAL GOVERNMENT AND THE LOCAL ECONOMY WORK FOR ALL. SEE SCHEDULE O FOR CONTINUATIONIN 2024 THE ECONOMY LEAGUE SERVED ITS MISSION WITH 4 DISTINCT PROGRAM LINES, OVERSEEN BY THE BOARD'S PROGRAM COMMITTEE. THESE PROGRAM LINES ARE THE GREATER PHILADELPHIA LEADERSHIP EXCHANGE (GPLEX), FOCUSED ON BUILDING 'CIVIC MUSCLE' VIA A YEAR-LONG SERIES OF PROGRAMS CULMINATING IN AN ANNUAL LEADERSHIP SUMMIT; PHILADELPHIA ANCHORS FOR GROWTH & EQUITY (PAGE), WHICH HARNESSES INSTITUTIONAL PURCHASING POWER TO DRIVE JOBS AND GROWTH AMONG DIVERSE LOCAL BUSINESSES; THE RESEARCH & ANALYTICS DEPARTMENT, WHICH PRODUCES INDEPENDENT NONPARTISAN RESEARCH AND ANALYSIS AIMED AT FACILITATING INFORMED DECISION MAKING BY POLICY MAKERS AND ADVOCATES; AND IMPACT LABS, A SOCIAL INNOVATION INCUBATOR AND ACCELERATOR DESIGNED TO IDENTIFY AND SUPPORT EVERYDAY INNOVATORS WITH NOVEL IDEAS FOR TACKLING THE REGION'S MOST PRESSING PROBLEMS.THE GREATER PHILADELPHIA LEADERSHIP EXCHANGE (GPLEX) IS AN INITIATIVE OF THE ECONOMY LEAGUE AIMED AT BUILDING 'CIVIC MUSCLE' BY CREATING A CADRE OF WELL-INFORMED AND NETWORKED BUSINESS, CIVIC, NONPROFIT, AND GOVERNMENT LEADERS. THROUGH IN-REGION PROGRAMMING AND OUT-OF-REGION LEARNING VISITS, GPLEX EXPOSES LEADERS TO BEST PRACTICES, FORGES NEW CONNECTIONS ACROSS SECTORS AND INDUSTRIES AND DEEPENS PARTICIPANTS' UNDERSTANDING OF GREATER PHILADELPHIA'S POTENTIAL. FROM SEPTEMBER 29-OCT 1, MORE THAN 170 PHILADELPHIANS CONVENED IN SAN DIEGO FOR THE ANNUAL CONFERENCE. PHILADELPHIA ANCHORS FOR GROWTH & EQUITY (PAGE) IS A PARTNERSHIP BETWEEN THE ECONOMY LEAGUE, THE CITY OF PHILADELPHIA'S COMMERCE DEPARTMENT, AND THE CITY'S MAJOR EDS-AND-MEDS INSTITUTIONS. PAGE ANALYZES THE WAY THESE INSTITUTIONS SPEND THEIR PROCUREMENT DOLLARS AND IS BUILDING INFRASTRUCTURE TO HELP THE INSTITUTIONS SHIFT MORE OF THEIR ROUGHLY $5 BN IN ANNUAL SPEND TO LOCAL DIVERSE BUSINESSES. PAGE HAS GARNERED OVER $2 MILLION IN FINANCIAL SUPPORT FROM THE STAKEHOLDERS THEMSELVES AS WELL AS THE TD CHARITABLE FOUNDATION, THE AMERISOURCE BERGEN FOUNDATION, THE BARRA FOUNDATION, THE LENFEST FOUNDATION, THE BANK OF AMERICA FOUNDATION, THE FEDERAL ECONOMIC DEVELOPMENT AGENCY, THE WILLIAM PENN FOUNDATION, M&T BANK, AND JP MORGAN CHASE. WE HELD A VERY SUCCESSFUL AND WELL-ATTENDED PAGE SUMMIT IN FEBRUARY 2024 FEATURING MAYOR CHERELLE PARKER AS A KEYNOTE SPEAKER - AND A REAL ESTATE & CONSTRUCTION SUMMIT IN AUGUST 2024, WHICH FEATURED CITY COUNCIL PRESIDENT KENYATTA JOHNSON.SINCE ITS FOUNDING IN 1909, THE ECONOMY LEAGUE HAS BEEN A RESOURCE FOR IMPARTIAL ANALYSIS AND INSIGHT INTO OUR REGION'S ECONOMIC HEALTH. FOR MORE THAN 5 YEARS OUR RESEARCH TEAM HAS PRODUCED CONSISTENT BIWEEKLY LEADING INDICATORS DATA BRIEFS THAT SHED LIGHT ON THE LOCAL ECONOMY AND MANY OTHER TOPICS RELEVANT TO POLICYMAKERS, JOURNALISTS, AND CIVIC LEADERS. IN 2024 WE WERE AWARDED A $75,000 GRANT BY THE LENFEST INSTITUTE OF JOURNALISM TO BUILD A CIVIC DATE PLATFORM THAT WILL DEMOCRATIZE ACCESS TO CIVIC DATA AND ENABLE JOURNALISTS AND POLICY MAKERS TO CONSTRUCT DATA ANALYSES AND VISUALIZATIONS WITHOUT PRIOR EXPERTISE. LEVERAGING AN IMPORTANT ECONOMY LEAGUE STUDY THAT REVEALED MASSIVE RACIAL INEQUITY IN PROPERTY VALUATION, KNOW YOUR PRICE, PHILLY, WE PROPOSED AN IMPACT LABS INNOVATION CHALLENGE DESIGNED TO SOURCE COMMUNITY-DRIVE SOLUTIONS TO REVALUING PROPERTY IN HISTORICALLY MARGINALIZED COMMUNITIES. WE RAISED OVER $300,000 FROM CORPORATE AND PHILANTHROPIC SOURCES AND PREPARED TO LAUNCH THE FAIR CITY CHALLENGE AT THE END OF THE YEAR, WITH THE GOAL OF AWARDING A $50,000 GRAND PRIZE IN FALL 2025.

  Expenses $1,455,190 · Revenue $683,988

• THE PENNSYLVANIA ECONOMY LEAGUE OF GREATER PITTSBURGH (PELGP), ALONG WITH OUR AFFILIATED ORGANIZATIONS ALLEGHENY CONFERENCE ON COMMUNITY DEVELOPMENT (ACCD), PITTSBURGH REGIONAL ALLIANCE (PRA) AND GREATER PITTSBURGH CHAMBER OF COMMERCE (GPCC) - AND OUR REGIONAL INVESTOR COUNCIL PARTNERS, TOOK IMPORTANT STEPS TOWARD ACHIEVING THE GLOBALLY COMPETITIVE REGION WE STRIVE FOR.SEE SCHEDULE O FOR CONTINUATIONPELGP HAS FOCUSED ITS EFFORTS ON STRENGTHENING ITS THOUGHT LEADERSHIP COMMITTEE TO STEP UP ITS EXPERTISE AND INFLUENCE ON STRATEGIC ECONOMIC DEVELOPMENT ISSUES. AS PART OF THEIR COMMITMENT TO LEADING THE DEVELOPMENT OF POLICY SOLUTIONS AND ENGAGING CRITICAL STAKEHOLDERS TO DRIVE POLICY AND PROGRAMMATIC CHANGES ACROSS INTEREST AREAS, THE COMMITTEE HAS SUCCESSFULLY HOSTED SEVERAL ENTREPRENEURIAL SUMMITS, EXPANDED PARTNERSHIPS WITH UNIVERSITIES AND SMALL BUSINESSES, AND ADVANCED SUPPORT FOR CRITICAL LEGISLATION THAT REINFORCES ACCD'S DEDICATION TO DRIVING SUSTAINABLE ECONOMIC GROWTH. A CROSS-DEPARTMENTAL TEAM, GUIDED BY THE THOUGHT LEADERSHIP COMMITTEE, HAS DEVELOPED A COMPREHENSIVE WORK PLAN ALIGNED WITH THREE PRIMARY GOALS: WORKFORCE AND TALENT, INCLUSIVE ECONOMIES, AND CLUSTER STRATEGY AND BUSINESS GROWTH. THE THOUGHT LEADERSHIP TEAM HAS CONTINUED TO PRODUCE REGULAR REPORTS AND ANALYSIS ON THE STATE OF THE REGION'S ECONOMY AND HAS BEGUN DEVELOPING AND PRODUCING NEW REPORTS THAT BRING GREATER INSIGHT INTO SOCIO-ECONOMIC TRENDS AND POLICY ISSUES.IN ADDITION TO THESE ACCOMPLISHMENTS, THE THOUGHT LEADERSHIP COMMITTEE ALSO MANAGES THE REGIONAL GROWTH AND COMPETITIVENESS SUBCOMMITTEE, WHICH IS MADE UP OF REGIONAL BUSINESS LEADERS FROM THE REGIONAL INVESTOR COUNCIL. THE SUBCOMMITTEE CONVENES ONCE PER QUARTER FOR A ROUNDTABLE DISCUSSION OF CURRENT BUSINESS CONDITIONS, ECONOMIC TRENDS, AND GROWTH EXPECTATIONS WHICH HELP TO INFORM THOUGHT LEADERSHIP'S STRATEGIC GOALS AND RESEARCH PRIORITIES.

  Expenses $1,411,353 · Revenue $523,140

• Withheld by Nonprofiteer: this text may name a private individual.

  Expenses $293,660 · Revenue $12,400

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.

Listed in Part VII

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

• TEMPLE UNIVERSITY

  $7,100

  GENERAL SUPPORT

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Provenance

Return type

form_990

Tax year

2024

Filed

13 November 2025

IRS schema version

2024v5.2

Source object

202543179349309984

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