Prince Albert II of Monaco Foundation USA

Analysis

Prince Albert II of Monaco Foundation USA is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in February 2009, 17 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, Prince Albert II of Monaco Foundation USA reported income of $779k and spending of $1.3m, spending 162% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.4m to $779k (-45%), an average of -14% a year. The sharpest change came in the year to December 2023, when income rose by 362%. Over the whole period it spent 111% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Prince Albert II of Monaco Foundation USA sits at the 78th percentile: it is larger than about 78% 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 Laguna Beach Community Foundation ($779k), Jayson Tatum Foundation ($780k) and Association for Traditional Studies ($779k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% of the total. Compensation of current officers, directors and key employees was $36k (2.9% of expenses). At year end it held assets of $2.2m against liabilities of $264k, net assets of $2.0m.

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.