Nonprofit · EIN 85-2731013
PTHA CHARITIES INC
Tax-exempt · BENSALEM, PA 19020
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $55,537 | $40,053 | $15,484 | $72,787 | $370 | $72,417 |
| December 31, 2023 | 990 | $18,064 | $25,722 | -$7,658 | $57,850 | $917 | $56,933 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $54,872
- Program service revenue
- $0
- Investment income
- $0
- Net income from fundraising events
- $665
- Other revenue
- $665
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $3,251
- Program services (functional)
- $36,802
- Management and general (functional)
- $3,251
Balance sheet and other
- Total assets, start of year
- $57,850
- Total assets, end of year
- $72,787
- Total liabilities, end of year
- $370
- Net assets, end of year
- $72,417
- Net assets without donor restrictions
- $72,417
- Gross receipts
- $56,412
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2020
- 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 December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| JEFFREY A MATTY JR | EXECUTIVE DIRECTOR/SECRETA Trustee or director, Officer | 1 | $0 | $233,400 | $30,031 |
| VICTOR COLLAZO | DIRECTOR OF FINANCE & ACCOUNTING Officer | 1 | $0 | $145,006 | $34,982 |
| MARIA MANGINI | DIRECTOR OF OPERATIONS Officer | 1 | $0 | $111,005 | $35,819 |
| EDWARD COLETTI JR | DIRECTOR Trustee or director | 1 | $0 | $0 | $37,188 |
| SCOTT LAKE | DIRECTOR Trustee or director | 1 | $0 | $0 | $36,359 |
| ROBERT E REID JR | DIRECTOR Trustee or director | 1 | $0 | $0 | $32,467 |
| JOHN C SERVIS | DIRECTOR Trustee or director | 1 | $0 | $0 | $31,284 |
| KATHLEEN DEMASI | VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 | $25,976 |
| JACK ARMSTRONG | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| CHARLES ASENSIO | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| ROBERT HUTT | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 | $0 |
| JOHN FANELLI | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JOHN JULIA | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 11 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| JEFFREY A MATTY JR | EXECUTIVE DIRECTOR/SECRETA Trustee or director, Officer | 1 | $0 | $243,527 | $24,198 |
| EDWARD COLETTI JR | DIRECTOR Trustee or director | 1 | $0 | $0 | $34,842 |
| JOHN C SERVIS | DIRECTOR Trustee or director | 1 | $0 | $0 | $34,146 |
| SCOTT LAKE | DIRECTOR Trustee or director | 1 | $0 | $0 | $32,203 |
| ROBERT E REID JR | DIRECTOR Trustee or director | 1 | $0 | $0 | $27,045 |
| KATHLEEN DEMASI | VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 | $23,957 |
| JACK ARMSTRONG | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| CHARLES ASENSIO | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| ROBERT HUTT | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 | $0 |
| JOHN FANELLI | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JOHN JULIA | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 300, BENSALEM, PA 19020-0300
- In care of
- % SALVATORE DEBUNDA - BOARD CHAIRMA
- Principal officer (990 for 2024)
- JEFFREY A MATTY JR, PO BOX 300, BENSALEM, PA 19020
- Signed the 990
- JEFFREY A MATTY JR, EXECUTIVE DIRECTOR
- Phone
- (215) 638-2012
- Return prepared by
- HERBEIN COMPANY INC
Mission
TO PROVIDE ESSENTIALS, EDUCATION AND EXPERIENCES TO STABLE EMPLOYEES AND THEIR FAMILIES WHO CALL PARX RACING HOME.
Program accomplishments
- TO PROVIDE ESSENTIALS, EDUCATION AND EXPERIENCES TO STABLE EMPLOYEES AND THEIR FAMILIES WHO CALL PARX RACING HOME.Expenses $26,544 · revenue $54,872
- PROVIDED A SCHOLARSHIP TO STABLE EMPLOYEES AND THEIR CHILDREN.Expenses $10,258
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 85-2731013
- 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
- 2021
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T30)
- Assets (IRS master file)
- $72,787
- Income (IRS master file)
- $56,412
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $55,537 | $40,053 | $72,787 | XML |
| 990 | December 2023 | $18,064 | $25,722 | $57,850 | XML |
| 990 | December 2022 | $785 | $8,698 | $64,591 | IRS |
| 990 | December 2021 | – | – | – | IRS |
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 85-2731013).
Questions about PTHA CHARITIES INC
- What is the EIN of PTHA CHARITIES INC?
- The employer identification number (EIN) of PTHA CHARITIES INC is 85-2731013.
- Is PTHA CHARITIES INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
- Are donations to PTHA CHARITIES INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PTHA CHARITIES INC 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 PTHA CHARITIES INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PTHA CHARITIES INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of PTHA CHARITIES INC?
- The 990 for the year ended December 31, 2024 names JEFFREY A MATTY JR.
- Who are the officers and directors of PTHA CHARITIES INC?
- The 990 for the year ended December 31, 2024 lists 13 people; 0 received compensation from the organization.
- How much revenue does PTHA CHARITIES INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $55,537, expenses of $40,053 and total assets of $72,787 at year end.
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