Photographic Society of America Endowment Fund 1

Analysis

Photographic Society of America Endowment Fund 1 is a registered charity in United States, based in Oklahoma City, OK. It received its IRS tax-exemption ruling in April 1986, 40 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Photographic Society of America Endowment Fund 1 reported income of $3.7m and spending of $2.5m, leaving 32% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $501k to $3.7m (+636%), an average of +65% a year. The sharpest change came in the year to June 2023, when income rose by 417%. Over the whole period it spent 57% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Photographic Society of America Endowment Fund 1 sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within OK. Charities of a similar size with the same main cause include American Society of Cinematographers ($3.7m), American Theatre Wing Inc ($3.7m) and Kidsquest Childrens Museum ($3.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 92% of the total. At year end it held assets of $6.2m against liabilities of $29k, net assets of $6.1m.