Phillies Charities Inc

Analysis

Phillies Charities Inc is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in July 1976, 50 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Phillies Charities Inc reported income of $2.8m and spending of $2.5m, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.7m to $2.8m (+65%), an average of +13% a year. The sharpest change came in the year to December 2022, when income rose by 85%. Over the whole period it spent 90% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Phillies Charities Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 87th percentile within PA. Charities of a similar size with the same main cause include The Enrichment Center an Affiliated Chapter of the Arc ($2.8m), Sobrato Foundation ($2.8m) and Raymond & Gertrude R Saltzman Foundation ($2.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 34% of the total. At year end it held assets of $1.7m against liabilities of $321k, net assets of $1.4m.