Philanthropy Network Greater Philadelphia

Analysis

Philanthropy Network Greater Philadelphia is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in February 1989, 37 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, Philanthropy Network Greater Philadelphia reported income of $1.2m and spending of $1.5m, spending 123% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.3m to $1.2m (-8.2%), an average of -2.1% a year. The sharpest change came in the year to December 2022, when income dropped by 58%. Over the whole period it spent 100% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Philanthropy Network Greater Philadelphia sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 80th percentile within PA. Charities of a similar size with the same main cause include The Swinerton Foundation ($1.2m), Beth Aba TR ($1.2m) and Happy Hope Foundation Inc ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $429k (29% of expenses). Other salaries and wages came to $244k. At year end it held assets of $910k against liabilities of $81k, net assets of $829k. It reported 8 employees.