Philadelphia Research & Education Foundation

Analysis

Philadelphia Research & Education Foundation is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in June 2002, 24 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. 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 2024, Philadelphia Research & Education Foundation reported income of $2.2m and spending of $2.3m, spending 106% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $622k to $2.2m (+254%), an average of +29% a year. The sharpest change came in the year to June 2021, when income rose by 95%. Over the whole period it spent 77% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Philadelphia Research & Education Foundation sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 85th percentile within PA. Charities of a similar size with the same main cause include Institute for Research and Education in Family Medicine ($2.2m), Hatch Area Medical Center Foundation ($2.2m) and Ronald McDonald House Charities of Rochester Ny Inc ($2.2m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 19% and program service revenue 75% of the total. Compensation of current officers, directors and key employees was $126k (5.4% of expenses). Other salaries and wages came to $987k. At year end it held assets of $3.3m against liabilities of $282k, net assets of $3.0m. It reported 21 employees.