Civic Intelligence

Ptha Charities Inc.

990 • Fiscal year 2024 • EIN 85-2731013

Jan 01, 2024 to Dec 31, 2024 • Filed on Nov 12, 2025

PO Box 300Bensalem, PA 19020

(215) 638-2012

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

61st percentile

0.01x

Higher debt load relative to assets than 61% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

63rd percentile

0.01x

Higher debt load relative to revenue than 63% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

81st percentile

28%

Higher net margin than 81% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2024

Asset Growth

59th percentile

6.2%

Faster asset growth than 59% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2024

Revenue Growth

99th percentile

741%

Faster revenue growth than 99% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2024

Assets

Up

$72,787

Up $8,196 (+13%) from 2022

Net Assets

Up

$72,417

Up $7,826 (+12%) from 2022

Liabilities

Up

$370

Up $370 from 2022

Revenue

Up

$55,537

Up $54,752 (+6975%) from 2022

Expenses

Up

$40,053

Up $31,355 (+360%) from 2022

Net Income

Up

$15,484

Up $23,397 (+296%) from 2022

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$80K$60K$40K$20K$0Assets 2022: $64,591Liabilities 2022: $0Net Assets 2022: $64,5912022Assets 2024: $72,787Liabilities 2024: $370Net Assets 2024: $72,4172024

Highlighted filing

2024

Assets$72,787
Liabilities$370
Net Assets$72,417

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$60K$40K$20K$0-$20KRevenue 2022: $785Expenses 2022: $8,698Net Income 2022: -$7,9132022Revenue 2024: $55,537Expenses 2024: $40,053Net Income 2024: $15,4842024

Highlighted filing

2024

Revenue$55,537
Expenses$40,053
Net Income$15,484
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 12, 2025
Return Version
2024v5.2
Gross Receipts
$56,412
Mission and Program Overview

Mission

To provide essentials, education and experiences to stable employees and their families who call parx racing home.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$57,850$72,787▲ $14,937
Total Assets$57,850$72,787▲ $14,937
Liabilities
Accounts Payable and Accrued Expenses$917$370▼ $547
Total Liabilities$917$370▼ $547
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$56,933$72,417▲ $15,484
Total Net Assets Fund Balance$56,933$72,417▲ $15,484
Total Liabilities and Net Assets / Fund Balance$57,850$72,787▲ $14,937
Compensation and Service Providers

Employees

NameTitleOtherTotal
Maria ManginiDirector of Operations$146,824$146,824
Edward Coletti JrDirector$37,188$37,188
Scott LakeDirector$36,359$36,359
Robert E Reid JrDirector$32,467$32,467
John C ServisDirector$31,284$31,284
Kathleen DemasiVice President$25,976$25,976

Board Members and Trustees

NameTitle
Robert HuttPresident
Jack ArmstrongDirector
John FanelliDirector
John JuliaDirector
Victor CollazoDirector of Finance & Accounting
Jeffrey a Matty JrExecutive Director/secreta
Charles AsensioTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$54,872
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$665
All Other Contributions
$54,872
Change in Net Assets
$15,484

Audited Revenue Reconciliation

Revenue per Audited Statements
$55,537
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$55,537
Total Revenue per Form 990
$55,537
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$40,053
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Accounting-$3,251-$3,251
All Other Expenses$15--$15
Other Expenses$15--$15
Total Functional Expenses$36,802$3,251$0$40,053

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$40,053
Total Expenses per Audited Statements$40,053
Total Expenses per Form 990$40,053
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$1,540
Fundraising Direct Expenses$875
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The board of directors reviews all tax returns prior to submission.

Form 990, Part VI, Section B, Line 12C

Conflict of interest policy in place and officers, directors or key employees are required to annually disclose interests that could cause conflicts.

Form 990, Part VI, Section C, Line 18

All information is contained on form 990 (schedule o) and is available on irs website for non-profits/tax exempt organizations

Form 990, Part VI, Section C, Line 19

Documents not made public.

Filing and Contact Details

Filer

Filer Name
Ptha Charities
EIN
85-2731013
Phone
2156382012
Address
PO BOX 300, BENSALEM, PA 19020

Signing Officer

Name
Jeffrey a Matty Jr
Title
Executive Director
Phone
2156382012
Signed
2025-11-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jeffrey a Matty Jr
Formed
2020
Legal Domicile
Pa
Voting Board Members
11
Independent Board Members
5
Employees
0
Volunteers
0

Preparer

Firm
Herbein Company Inc
Address
2763 CENTURY BOULEVARD, READING, PA 19610
Preparer
Jeanettee M Grick-hassis CPA
Phone
6103781175
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0233400
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt1145006
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt011670
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt018361
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt134982
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0JEFFREY A MATTY JR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1VICTOR COLLAZO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0EXECUTIVE DIRECTOR/SECRETA
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1DIRECTOR OF FINANCE & ACCOUNTING
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0263431
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt1179988
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0PTHA CHARITIES EXECUTIVE DIRECTOR IS ON THE PAYROLL OF A RELATED ORGANIZATION, PENNSYLVANIA THOROUGHBRED HORSEMEN'S ASSOCIATION (PTHA), WHICH HAS A WRITTEN EMPLOYMENT CONTRACT AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE J, PART I, LINE 3
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BOARD OF DIRECTORS REVIEWS ALL TAX RETURNS PRIOR TO SUBMISSION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1CONFLICT OF INTEREST POLICY IN PLACE AND OFFICERS, DIRECTORS OR KEY EMPLOYEES ARE REQUIRED TO ANNUALLY DISCLOSE INTERESTS THAT COULD CAUSE CONFLICTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL INFORMATION IS CONTAINED ON FORM 990 (SCHEDULE O) AND IS AVAILABLE ON IRS WEBSITE FOR NON-PROFITS/TAX EXEMPT ORGANIZATIONS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DOCUMENTS NOT MADE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt0PA THOROUGHBRED HORSEMEN'S ASSOCIATION
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN0232827432
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt0C
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd0PA
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt0SELLS HORSE PRODUCTS
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt0HORSEMEN'S PURCHASING ASSOC INC
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine1Txt0PO BOX 300
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/CityNm0BENSALEM
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/StateAbbreviationCd0PA
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/ZIPCd019020
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0PA THOROUGHBRED HORSEMEN'S ASSOCIATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0PA THOROUGHBRED HORSEMENS ASSOC INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1TURNING FOR HOME INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0232694644
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1262698385
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(6)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt1501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0PA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd1PA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0PROMOTE HORSE RACING IN PA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1TO PROVIDE FOR THE RETIREMENT OF RACE HORSES THAT CAN NO LONGER RACE.
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 7
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0PO BOX 300
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt1PO BOX 300
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0BENSALEM
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm1BENSALEM
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0PA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd1PA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd019020
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd119020
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransferFromOtherOrgInd00

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