Philemon Foundation

Analysis

Philemon Foundation is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in July 2004, 22 years ago. Its declared purposes cover social science, which this site groups under arts, culture, heritage and science. 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, Philemon Foundation reported income of $173k and spending of $222k, spending 128% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $356k to $173k (-51%), an average of -21% a year. The sharpest change came in the year to December 2022, when income dropped by 60%. Over the whole period it spent 76% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Philemon Foundation sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 48th percentile within NY. Charities of a similar size with the same main cause include East End Theatre and Performing Arts ($173k), Chicago Chorale ($173k) and Zamir Chorale of Boston Inc ($173k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 0.9% of the total. At year end it held assets of $326k against liabilities of $3,558, net assets of $323k.