Philadelphia College of Osteopathic Medicine Foundation

Analysis

Philadelphia College of Osteopathic Medicine Foundation is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in September 1986, 40 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Philadelphia College of Osteopathic Medicine Foundation reported income of $5.3m and spending of $13.1m, spending 247% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $21.1m to $5.3m (-75%), an average of -29% a year. The sharpest change came in the year to June 2023, when income dropped by 75%. Over the whole period it spent 64% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Philadelphia College of Osteopathic Medicine Foundation sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 91st percentile within PA. Charities of a similar size with the same main cause include Athlos Academy of Utah ($5.3m), Clear Global Inc ($5.3m) and North Carolina Education Corps ($5.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 51% of the total. At year end it held assets of $570.8m against liabilities of $858k, net assets of $570.0m.