Iota Phi Foundation of Pittsburgh Incorporated

Analysis

Iota Phi Foundation of Pittsburgh Incorporated is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in July 1997, 29 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Iota Phi Foundation of Pittsburgh Incorporated reported income of $379k and spending of $295k, leaving 22% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $131k to $379k (+189%), an average of +42% a year. The sharpest change came in the year to December 2021, when income rose by 127%. Over the whole period it spent 70% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Iota Phi Foundation of Pittsburgh Incorporated sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 64th percentile within PA. Charities of a similar size with the same main cause include Pietas Classical Christian Inc ($379k), Brewster Ladies Library Assn ($379k) and Abc - Above and Beyond the Classroom in Teton Valley Incorpor ($379k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 49% and program service revenue 51% of the total. At year end it held assets of $550k against liabilities of $174k, net assets of $376k.