Philanthrofund Foundation

Analysis

Philanthrofund Foundation is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in September 1988, 38 years ago. Its declared purposes cover civil rights, social action and advocacy, which this site groups under human rights and equality. 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 June 2023, Philanthrofund Foundation reported income of $914k and spending of $1.1m, spending 116% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $458k to $914k (+100%), an average of +19% a year. The sharpest change came in the year to June 2020, when income rose by 41%. Over the whole period it spent 90% of the income it received.

Among 9,611 United States charities whose main cause is human rights and equality and that reported income, Philanthrofund Foundation sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 77th percentile within MN. Charities of a similar size with the same main cause include Intermountain Fair Housing Council Inc ($913k), Child Advocacy Center for the Twentythird Judical District Inc ($914k) and Voices for Virginias Children ($913k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 0.7% of the total. Compensation of current officers, directors and key employees was $115k (11% of expenses). Other salaries and wages came to $250k. It paid $38k in professional fundraising fees. At year end it held assets of $1.2m against liabilities of $15k, net assets of $1.2m. It reported 5 employees.