Carousel at Pottstown INC

Tax-deductible

Pottstown, PA501(c)(3)Since 1998Arts & CultureEIN 23-3061669Revenue $190K in FY2025

On file with the IRScarouselatpottstown.org30 W King St, 19464-6308 · Pottstown, PATax-exempt since May 2002Publicly supported charity — 170(b)(1)(A)(vi)

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The organization was conceived primarily to restore, operate, maintain and preserve a historically significant Carousel for the enjoyment of the Pottstown community.

501(c)(3) charity; gifts are tax-deductible.
89¢ of each $1 spent went to programs.
Run by 12 volunteers and 5 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 5
filings with a surplus
Average deficit $40K a year · 29% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
89%
of spending
Looks good: 89% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
5 mo
of spending, in cash
Looks good: 4.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $49
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$190K
+50% vs prior year
Spent
$175K
To programs
89%
Net assets
$396K
By yearFY2021–FY2025
Revenue
$190K
FY2025▲ +50%
Tap a bar for its year
Revenue by fiscal year
FY2021$122K
FY2022$104K
FY2023$135K
FY2024$127K
FY2025$190K
Expenses
$175K
FY2025▲ +7%
Tap a bar for its year
Expenses by fiscal year
FY2021$145K
FY2022$185K
FY2023$208K
FY2024$164K
FY2025$175K
Net assets
$396K
FY2025▼ -2%
Tap a bar for its year
Net assets by fiscal year
FY2021$596K
FY2022$515K
FY2023$442K
FY2024$405K
FY2025$396K

From the FY2025 Form 990 (year ending September 2025) · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in May 2002.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

89 cents of each dollar spent went to programs.

Program services 89% · $155K Management & general 8% · $14K Fundraising 3% · $6K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

8 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
See Carousel at Pottstown INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Restores, operates, and preserves a historic carousel for community enjoyment.

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Provided by the organization

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1 program · $155K · in their own filed words · FY2024
01

The organizations purpose is to preserve the historical value of pottstowns carousel while acting as a focal point for bringing together persons of various ages, persuasions, incomes, and cultural heritages

$155Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 1 funder$49

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$190K
Ln 12
Fees for servicesLn 2g$135K
Gifts and grantsLn 1h$50K
Other incomeLn 4–11$4K
Money outPt IX
$175K
Ln 25
Programscol B$155K
Managementcol C$14K
Fundraisingcol D$6K
Owns and owesPt X
$396K
net assets · Ln 32
Cash and savingsLn 1–2$67K
Total assetsLn 16$396K
LiabilitiesLn 26$0
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$50K
Government grantsLn 1e$50K
Fees for servicesLn 2g$135K
Investment incomeLn 3$1K
Other incomeLn 4–11$4K
Total revenueLn 12$190K
Assets in detailPt X, end of year
CashLn 1$29K
SavingsLn 2$39K
Cash and savings togetherLn 1–2$67K
Land, buildings, equipmentLn 10c$327K
Total assetsLn 16$396K
LiabilitiesLn 26$0
Net assetsLn 32$396K
OperationsPt I, VI
EmployeesI 55
VolunteersI 612
Fiscal year endsHeaderSeptember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$49K$67K
Land, buildings, equipmentLn 10c$354K$327K
Total assetsLn 16$405K$396K
LiabilitiesLn 26$0$0
Net assetsLn 32$405K$396K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$30$30
Other salaries and wagesLn 7$47K$47K
Payroll taxesLn 10$7K$7K
Accounting feesLn 11c$305$305
Other fees for servicesLn 11g$2K$1K$250
Advertising and promotionLn 12$7K$3K$3K
Office expensesLn 13$4K$3K$632$631
OccupancyLn 16$47K$40K$7K$302
Depreciation, depletion and amortizationLn 22$28K$26K$1K
InsuranceLn 23$14K$14K
Other expenses (24a–d)Ln 24$18K$12K$5K$1K
All other expensesLn 24e$247$247
Total functional expensesLn 25$175K$155K$14K$6K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $190K$175K$15K$396K 990 PDF
FY2024 $127K$164K−$37K$405K 990 PDF
FY2023 $135K$208K−$73K$442K 990 PDF
FY2022 $104K$185K−$81K$515K 990 PDF
FY2021 $122K$145K−$23K$596K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2025 990 (6 parts)
Part I · Summary $190,295 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $250$50,000
I-9 Program service revenuePrior year $125,966$134,767
I-10 Investment incomePrior year $20$1,362
I-11 Other revenuePrior year $619$4,166
I-12 Total revenuePrior year $126,855$190,295
I-13 Grants and similar amounts paid$30
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $68,075$53,867
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $95,454$120,998
I-18 Total expensesPrior year $163,529$174,895
I-19 Revenue less expensesPrior year −$36,674$15,400
Part VI · Governance 5 of 5 board members independent, 4 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $190,295 across 7 lines filed
Lines not itemized here account for $2,729 of total revenue; see the IRS return.
VIII-1e Government grants$50,000
VIII-1h Total contributions, gifts and grants$50,000
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $134,767$134,767
VIII-3 Investment incomeRelated to mission $1,362$1,362
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $1,437$1,437
VIII-12 Total revenueRelated to mission $140,295 · Unrelated business $0 · Excluded from tax $0$190,295
Part IX · Statement of functional expenses $174,895 across 12 lines filed
IX-1 Grants to domestic organizationsPrograms $30$30
IX-7 Other salaries and wagesPrograms $47,088$47,088
IX-10 Payroll taxesPrograms $6,779$6,779
IX-11c Accounting feesManagement $305$305
IX-11g Other fees for servicesPrograms $1,338 · Management $250$1,588
IX-12 Advertising and promotionPrograms $3,409 · Fundraising $3,410$6,819
IX-13 Office expensesPrograms $3,215 · Management $632 · Fundraising $631$4,478
IX-16 OccupancyPrograms $40,029 · Management $6,985 · Fundraising $302$47,316
IX-22 Depreciation, depletion and amortizationPrograms $26,223 · Management $1,380$27,603
IX-23 InsurancePrograms $14,231$14,231
IX-24 Other expenses (24a–d)Programs $12,228 · Management $4,903 · Fundraising $1,280$18,411
IX-24e All other expensesPrograms $247$247
IX-25 Total functional expensesPrograms $154,817 · Management $14,455 · Fundraising $5,623$174,895
Part X · Balance sheet $395,845 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $49,234$28,642
X-2 Savings and temporary cash investments$38,591
X-8 Inventories for sale or useStart of year $1,681$1,842
X-10c Land, buildings and equipment, netStart of year $354,373$326,770
X-16 Total assetsStart of year $405,288$395,845
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $405,288$395,845
X-32 Total net assets or fund balancesStart of year $405,288$395,845
X-33 Total liabilities and net assetsStart of year $405,288$395,845
Part XI · Reconciliation of net assets $395,845 net assets at year end
XI-1 Total revenue$190,295
XI-2 Total expenses$174,895
XI-3 Revenue less expenses$15,400
XI-4 Net assets at start of year$405,288
XI-9 Other changes in net assets−$24,843
XI-10 Net assets at end of year$395,845

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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