The Philadelphia Education Fund

Analysis

The Philadelphia Education Fund is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in July 1987, 39 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 Philadelphia Education Fund reported income of $3.9m and spending of $4.1m, spending 106% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.7m to $3.9m (+42%), an average of +9.1% a year. The sharpest change came in the year to June 2022, when income rose by 90%. Over the whole period it spent 76% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, The Philadelphia Education Fund sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 89th percentile within PA. Charities of a similar size with the same main cause include Village of Wisdom Inc ($3.9m), Women of Noble Character Inc ($3.9m) and Developing Kingdoms in Different Stages ($3.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 72% and program service revenue 19% of the total. Compensation of current officers, directors and key employees was $187k (4.5% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $13.1m against liabilities of $1.2m, net assets of $11.9m. It reported 34 employees.