Fox Chase Network Inc

Analysis

Fox Chase Network Inc is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in July 1988, 38 years ago. 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 June 2023, Fox Chase Network Inc reported income of $776k and spending of $913k, spending 118% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.4m to $776k (-44%), an average of -13% a year. The sharpest change came in the year to June 2023, when income rose by 215%. Over the whole period it spent 110% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Fox Chase Network Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 75th percentile within PA. Charities of a similar size with the same main cause include Peninsula Foundation ($776k), Washington Square Services Corporation ($776k) and American Water Works Association ($776k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 69% and program service revenue 31% of the total. At year end it held assets of $1.6m against liabilities of $318k, net assets of $1.3m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.