The Philatelic Foundation

Analysis

The Philatelic Foundation is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in June 1946, 80 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, The Philatelic Foundation reported income of $672k and spending of $672k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $737k to $672k (-8.8%), an average of -2.3% a year. The sharpest change came in the year to December 2021, when income rose by 48%. Over the whole period it spent 108% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Philatelic Foundation sits at the 73rd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 70th percentile within NY. Charities of a similar size with the same main cause include Public Access Television Corporation ($672k), Lima Community Foundation ($672k) and Compassionate Animal Rescue Efforts of Dutchess County Inc ($672k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 27% and program service revenue 67% of the total. Compensation of current officers, directors and key employees was $105k (16% of expenses). Other salaries and wages came to $156k. At year end it held assets of $4.1m against liabilities of $270k, net assets of $3.9m. It reported 5 employees.