Philanthropy Inspired by the Needs of Our Community Inc

Analysis

Philanthropy Inspired by the Needs of Our Community Inc is a registered charity in United States, based in Fresno, CA. It received its IRS tax-exemption ruling in April 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Philanthropy Inspired by the Needs of Our Community Inc reported income of $108k and spending of $102k, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $183k to $108k (-41%), an average of -12% a year. The sharpest change came in the year to December 2022, when income rose by 171%. Over the whole period it spent 98% 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 Inspired by the Needs of Our Community Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 41st percentile within CA. Charities of a similar size with the same main cause include Franklin Educational Foundation Inc ($108k), Osman Foundation Inc ($108k) and Harney County Library Foundation ($108k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 7.9% of the total. At year end it held assets of $24k against liabilities of $600, net assets of $24k.