Panhellenic Scholarship Foundation

Analysis

Panhellenic Scholarship Foundation is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in October 2002, 24 years ago. Its declared purposes cover education, which this site groups under education and training. 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 September 2023, Panhellenic Scholarship Foundation reported income of $453k and spending of $742k, spending 164% of what it took in. Across the 6 years on record, from September 2018 to September 2023, income fell from $2.0m to $453k (-77%), an average of -26% a year. The sharpest change came in the year to September 2020, when income dropped by 64%. Over the whole period it spent 69% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Panhellenic Scholarship Foundation sits at the 67th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 68th percentile within IL. Charities of a similar size with the same main cause include Sheepscot Valley Childrens House ($453k), Promise Village Academy ($453k) and Christian School Management Association ($453k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 128% of the total. Other salaries and wages came to $134k. At year end it held assets of $4.7m against liabilities of $37k, net assets of $4.7m. It reported 4 employees.