The Salvation Army Ray and Joan Kroc Community Center has a halo around it, according to one report.
Research conducted by Partners for Sacred Places with support from McClanahan Associates, Inc. concluded that the nonprofit made a “significant economic impact” on the Philadelphia community – its “halo effect” – by contributing more than $15 million to the area with its programs, spending and more in 2014.
The report, released in May, showed that the largest impact was from direct spending, totaling $5,433,070, while magnet impact – which accounts for the amount spent by both in- and out-of-town visitors – made a large contribution at $1,713,482.
Breaking news and the stories that matter to your neighborhood.
The report also looked at the impact of the organization's construction spending, as well as its initiatives like health and fitness, daycare, safety net and outdoor recreation.
For more business news, head to PBJ.com