Philos Hospitality Inc

Analysis

Philos Hospitality Inc is a registered charity in United States, based in Tulsa, OK. It received its IRS tax-exemption ruling in July 2005, 21 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Philos Hospitality Inc reported income of $960k and spending of $886k, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.6m to $960k (-39%), an average of -12% a year. The sharpest change came in the year to December 2020, when income dropped by 63%. Over the whole period it spent 88% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Philos Hospitality Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 80th percentile within OK. Charities of a similar size with the same main cause include Rochester Refugee Resettlement Services Inc ($960k), Louisiana Assistive Technology Access Network ($960k) and Comfort House Inc ($960k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 74% and program service revenue 2.5% of the total. Compensation of current officers, directors and key employees was $85k (9.6% of expenses). Other salaries and wages came to $323k. At year end it held assets of $1.8m against liabilities of $34k, net assets of $1.8m. It reported 14 employees.