St Philip the Apostle Foundation Inc

Analysis

St Philip the Apostle Foundation Inc is a registered charity in United States, based in Ramsey, NJ. It received its IRS tax-exemption ruling in July 2001, 25 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 September 2023, St Philip the Apostle Foundation Inc reported income of $2.4m and spending of $1.7m, leaving 28% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.2m to $2.4m (+100%), an average of +19% a year. The sharpest change came in the year to September 2022, when income dropped by 300%. Over the whole period it spent 498% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, St Philip the Apostle Foundation Inc 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 87th percentile, and in the 89th percentile within NJ. Charities of a similar size with the same main cause include American Friends of Yeshivat Nachlat Moshe ($2.4m), Pecometh United Methodist Camp and Retreat Ministries Inc ($2.4m) and Missionary Maintenance Service Inc ($2.4m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 50% of the total. At year end it held assets of $37.7m against liabilities of $0, net assets of $37.7m.