Philadelphia Foundation

Analysis

Philadelphia Foundation is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in February 1990, 36 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 December 2023, Philadelphia Foundation reported income of $57.3m and spending of $54.3m, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $66.7m to $57.3m (-14%), an average of -3.7% a year. The sharpest change came in the year to December 2023, when income dropped by 29%. Over the whole period it spent 81% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Philadelphia Foundation sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 98th percentile within PA. Charities of a similar size with the same main cause include Prostate Cancer Foundation ($57.3m), United Way of Greater Milwaukee & Waukesha County Inc ($57.6m) and Blue Grass Community Foundation Inc ($57.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 60% and program service revenue 1.0% of the total. Compensation of current officers, directors and key employees was $744k (1.4% of expenses). Other salaries and wages came to $2.4m. At year end it held assets of $630.8m against liabilities of $25.7m, net assets of $605.1m. It reported 31 employees.