PHN Charitable Foundation

Analysis

PHN Charitable Foundation is a registered charity in United States, based in Sharon, PA. It received its IRS tax-exemption ruling in September 2006, 20 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, PHN Charitable Foundation reported income of $769k and spending of $552k, leaving 28% of income unspent that year. Across the 4 years on record, from August 2020 to August 2023, income fell from $1.2m to $769k (-36%), an average of -14% a year. The sharpest change came in the year to August 2022, when income dropped by 41%. Over the whole period it spent 100% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, PHN Charitable Foundation sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 74th percentile within PA. Charities of a similar size with the same main cause include Finn Church Aid USA Inc ($769k), Clinton County Community Foundation Inc ($770k) and The Morris L Lichtenstein Jr Medical Research Foundation ($769k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 8.6% and program service revenue 25% of the total. Other salaries and wages came to $169k. At year end it held assets of $12.8m against liabilities of $38k, net assets of $12.8m. It reported 17 employees.