Philadelphia College of Osteopathic Medicine

Analysis

Philadelphia College of Osteopathic Medicine is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in July 1955, 71 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) 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 reported income of $173.2m and spending of $172.6m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $155.3m to $173.2m (+12%), an average of +2.8% a year. Over the whole period it spent 93% 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 sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 99th percentile within PA. Charities of a similar size with the same main cause include Aurora University ($172.8m), Rocketship Education ($173.9m) and Pensacola Christian College Inc ($172.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 6.1% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $4.7m (2.7% of expenses). Other salaries and wages came to $78.3m. At year end it held assets of $149.5m against liabilities of $90.1m, net assets of $59.4m. It reported 1,446 employees.