The Philip Jaisohn Memorial Foundation Inc

Analysis

The Philip Jaisohn Memorial Foundation Inc is a registered charity in United States, based in North Wales, PA. It received its IRS tax-exemption ruling in July 1976, 50 years ago. 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 December 2023, The Philip Jaisohn Memorial Foundation Inc reported income of $3.5m and spending of $2.9m, spending 84% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.1m to $3.5m (+12%), an average of +2.8% a year. The sharpest change came in the year to December 2023, when income rose by 22%. Over the whole period it spent 80% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Philip Jaisohn Memorial Foundation Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 88th percentile within PA. Charities of a similar size with the same main cause include American Water Works Association ($3.5m), Habitat for Humanity Internatonal Inc ($3.5m) and Christian Camps Inc ($3.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 34% and program service revenue 51% of the total. Compensation of current officers, directors and key employees was $213k (7.3% of expenses). Other salaries and wages came to $856k. At year end it held assets of $7.0m against liabilities of $149k, net assets of $6.9m. It reported 32 employees.