Inglis Foundation

Analysis

Inglis Foundation is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in July 1985, 41 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Inglis Foundation reported income of $13.9m and spending of $14.8m, spending 107% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $16.9m to $13.9m (-18%), an average of -6.4% a year. The sharpest change came in the year to June 2021, when income rose by 71%. Over the whole period it spent 64% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Inglis Foundation sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within PA. Charities of a similar size with the same main cause include Sarah Tuxis Residential Services Inc ($13.9m), The Parent Project for Muscular Dystrophy Research Inc ($13.9m) and Association for the Mutiple Impaired Blind ($13.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 4.0% and program service revenue 60% of the total. Compensation of current officers, directors and key employees was $1.4m (9.4% of expenses). Other salaries and wages came to $7.7m. At year end it held assets of $274.8m against liabilities of $4.2m, net assets of $270.6m. It reported 150 employees.