The Fund for the School District of Philadelphia

Analysis

The Fund for the School District of Philadelphia is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in September 2003, 23 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 June 2023, The Fund for the School District of Philadelphia reported income of $4.5m and spending of $5.6m, spending 125% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $6.1m to $4.5m (-26%), an average of -7.3% a year. The sharpest change came in the year to June 2020, when income rose by 97%. Over the whole period it spent 86% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, The Fund for the School District of Philadelphia sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 90th percentile within PA. Charities of a similar size with the same main cause include Venn Foundation ($4.5m), Barbara Bush Houston Literacy Foundation ($4.5m) and Notley Foundation ($4.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% of the total. Compensation of current officers, directors and key employees was $178k (3.2% of expenses). Other salaries and wages came to $226k. At year end it held assets of $8.5m against liabilities of $770k, net assets of $7.7m. It reported 8 employees.