The School of Practical Philosophy

Analysis

The School of Practical Philosophy is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in July 1982, 44 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, The School of Practical Philosophy reported income of $3.0m and spending of $1.6m, leaving 47% of income unspent that year. Across the 5 years on record, from August 2019 to August 2023, income fell from $3.0m to $3.0m (-0.9%), an average of -0.2% a year. The sharpest change came in the year to August 2020, when income dropped by 19%. Over the whole period it spent 51% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The School of Practical Philosophy sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 86th percentile within NY. Charities of a similar size with the same main cause include Lincoln Total Community Action Inc ($3.0m), Blacks in Government ($3.0m) and National Organization of Black Law Enforcement Executives Noble ($3.0m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 2.9% and program service revenue 18% of the total. Other salaries and wages came to $25k. At year end it held assets of $17.8m against liabilities of $1.7m, net assets of $16.1m. It reported 1 employees.