Center for Effective Philanthropy Inc

Analysis

Center for Effective Philanthropy Inc is a registered charity in United States, based in Cambridge, MA. It received its IRS tax-exemption ruling in November 2000, 26 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Center for Effective Philanthropy Inc reported income of $13.7m and spending of $14.0m, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $11.3m to $13.7m (+21%), an average of +4.9% a year. The sharpest change came in the year to December 2021, when income rose by 152%. Over the whole period it spent 85% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Center for Effective Philanthropy Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within MA. Charities of a similar size with the same main cause include The Good Nation Foundation Inc ($13.6m), Golf Charitable Foundation of Greater Des Moines ($13.7m) and Lakeshore Community Foundation Inc ($13.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 38% and program service revenue 59% of the total. Compensation of current officers, directors and key employees was $2.2m (16% of expenses). Other salaries and wages came to $6.5m. At year end it held assets of $22.2m against liabilities of $3.9m, net assets of $18.3m. It reported 73 employees.