Philomatheon Society Trust

Analysis

Philomatheon Society Trust is a registered charity in United States, based in Canton, OH. It received its IRS tax-exemption ruling in February 1973, 53 years ago. 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 December 2023, Philomatheon Society Trust reported income of $69k and spending of $86k, spending 126% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $125k to $69k (-45%), an average of -14% a year. The sharpest change came in the year to December 2021, when income rose by 236%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Philomatheon Society Trust sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 27th percentile within OH. Charities of a similar size with the same main cause include Honor Flight - Top of Virginia ($69k), California Federation of Womens Clubs ($69k) and American Society of Civil Engineers ($69k).

At year end it held assets of $1.2m against liabilities of $0, net assets of $1.2m.