American Philatelic Society

Analysis

American Philatelic Society is a registered charity in United States, based in Bellefonte, PA. It received its IRS tax-exemption ruling in August 1984, 42 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, American Philatelic Society reported income of $3.8m and spending of $4.2m, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $5.4m to $3.8m (-29%), an average of -8.2% a year. The sharpest change came in the year to December 2020, when income dropped by 42%. Over the whole period it spent 122% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, American Philatelic Society sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 89th percentile within PA. Charities of a similar size with the same main cause include Rise Soccer Club Inc ($3.8m), Eden Village Camp Inc ($3.8m) and Special Olympics Montana Inc ($3.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 40% and program service revenue 44% of the total. Compensation of current officers, directors and key employees was $338k (7.9% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $4.2m against liabilities of $1.9m, net assets of $2.3m. It reported 32 employees.