Philadelphia Industrial Development Corporation: Single Audit Reports and Findings
Philadelphia Industrial Development Corporation filed 9 single audits between 2016 and 2024; the most recently observed auditor is BDO USA, LLP (2024), and the 2024 report lists 1 finding. Data as of 2026-09-18.
Data as of Sep 18, 2026 · Source: Federal Audit Clearinghouse (public data)
Single audits by year
One row per audit year as the Federal Audit Clearinghouse accepted it. The auditor named is the one observed on that filing; Philadelphia Industrial Development Corporation is recorded in PHILADELPHIA, Pennsylvania under EIN 236050858, and the Clearinghouse records it as a nonprofit.
| Audit year | Fiscal year end | Federal expended | Threshold applied | Auditor observed | Findings | MW / SD | FAC report |
|---|---|---|---|---|---|---|---|
| 2024 | 2024-12-31 | $17,544,307 | $750,000 | BDO USA, LLP | 1 | SD | 2024-12-GSAFAC-0000382291 |
| 2023 | 2023-12-31 | $4,492,181 | $750,000 | BDO USA, LLP | 0 | — | 2023-12-GSAFAC-0000059458 |
| 2022 | 2022-12-31 | $11,912,007 | $750,000 | BDO USA, LLP | 1 | SD | 2022-12-GSAFAC-0000428008 |
| 2021 | 2021-12-31 | $18,376,432 | $750,000 | BDO USA, LLP | 0 | — | 2021-12-CENSUS-0000201567 |
| 2020 | 2020-12-31 | $23,493,969 | $750,000 | BDO USA, LLP | 0 | — | 2020-12-CENSUS-0000201567 |
| 2019 | 2019-12-31 | $16,687,639 | $750,000 | BDO USA, LLP | 0 | — | 2019-12-CENSUS-0000201567 |
| 2018 | 2018-12-31 | $22,518,498 | $750,000 | BDO USA, LLP | 0 | — | 2018-12-CENSUS-0000201567 |
| 2017 | 2017-12-31 | $28,991,870 | $750,000 | BDO USA, LLP | 0 | — | 2017-12-CENSUS-0000201567 |
| 2016 | 2016-12-31 | $12,830,049 | $750,000 | BDO USA, LLP | 0 | — | 2016-12-CENSUS-0000201567 |
Which federal programs did this organization report?
From the most recent accepted report. "Major" is the designation the auditor made under 2 CFR 200.518, not ours.
| ALN | Program | Expended | Major |
|---|---|---|---|
| 21.027 | CORONAVIRUS STATE AND LOCAL FISCAL RECOVERY FUNDS | $4,000,000 | Yes |
| 14.218 | COMMUNITY DEVELOPMENT BLOCK GRANTS/ENTITLEMENT GRANTS | $3,454,885 | No |
| 81.128 | ENERGY EFFICIENCY AND CONSERVATION BLOCK GRANT PROGRAM (EECBG) | $2,571,172 | Yes |
| 11.307 | ECONOMIC ADJUSTMENT ASSISTANCE | $2,405,000 | Yes |
| 21.033 | COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS FUND EQUITABLE RECOVERY PROGRAM (CDFI ERP) | $2,246,843 | Yes |
| 14.218 | COMMUNITY DEVELOPMENT BLOCK GRANTS/ENTITLEMENT GRANTS | $2,092,195 | No |
| 17.289 | COMMUNITY PROJECT FUNDING/CONGRESSIONALLY DIRECTED SPENDING | $289,351 | No |
| 14.218 | COMMUNITY DEVELOPMENT BLOCK GRANTS/ENTITLEMENT GRANTS | $266,374 | No |
| 14.218 | COMMUNITY DEVELOPMENT BLOCK GRANTS/ENTITLEMENT GRANTS | $209,500 | No |
| 21.020 | COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS PROGRAM | $8,987 | No |
What findings did the auditor report?
The reference and the requirement letter are the ones the auditor used. The finding text itself is not reproduced here; the FAC report linked above carries it in full.
| Reference | Requirement | Severity | Repeat |
|---|---|---|---|
| 2024-002 | L | Significant deficiency | No |
Form 990 and IRS registration
Form 990 "accounting fees" (Part IX line 11c) cover all accounting services reported by the organization and are not the price of an audit engagement.
- Most recent return
- 990 for 2024-12
- Total revenue
- $28,875,003
- Total assets
- $64,901,333
- Accounting fees (Part IX line 11c)
- $688,435
- Paid preparer
- GRANT THORNTON ADVISORS LLC
- IRS object id
- 202503219349310120
- NTEE code
- S41
- Exempt under
- 501(c)(4)
- Ruling year
- 2010
- BMF release
- 2026-09-17
Read next
- CPA firms that audit Pennsylvania nonprofits
- Pennsylvania single audit statistics
- Pennsylvania nonprofit audit requirements
How we computed this
Every row comes from the Federal Audit Clearinghouse record named beside it, one report per audit year, with a resubmission superseding the filing it replaces. The auditor is the one named on that filing — it is not a statement about who audits Philadelphia Industrial Development Corporation now. Form 990 figures come from the IRS e-filed return named by its object id. This page exists because the organization filed at least two single audits, or one with a finding.
Cite this page
AuditRadar. “Philadelphia Industrial Development Corp Single Audits.” https://getauditradar.com/single-audits/pa/philadelphia-industrial-development-corporation-236050858/. Data as of 2026-09-18.