Foundation for Advanced Philanthrophy

Analysis

Foundation for Advanced Philanthrophy is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in October 2010, 16 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, Foundation for Advanced Philanthrophy reported income of $39.3m and spending of $12.8m, leaving 68% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $19.3m to $39.3m (+104%), an average of +20% a year. The sharpest change came in the year to December 2021, when income rose by 78%. Over the whole period it spent 20% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Foundation for Advanced Philanthrophy sits at the 99th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within IN. Charities of a similar size with the same main cause include United Way of Greater Cincinnati ($39.1m), Sir Mortimer B Davis Jewish General Hospital Foundation ($39.6m) and Stand Up to Cancer ($38.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 69% and program service revenue 29% of the total. Compensation of current officers, directors and key employees was $185k (1.4% of expenses). Other salaries and wages came to $5.0m. At year end it held assets of $142.6m against liabilities of $132k, net assets of $142.4m.