Philanthropi Charitable

Analysis

Philanthropi Charitable is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in August 2021, 5 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable 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, Philanthropi Charitable reported income of $829k and spending of $812k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $78k to $829k (+957%), an average of +80% a year. The sharpest change came in the year to December 2020, when income rose by 2111%. Over the whole period it spent 77% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Philanthropi Charitable sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 75th percentile within PA. Charities of a similar size with the same main cause include Madison Youth Choirs Inc ($829k), Center for Civic Values ($829k) and Milestone Democratic School Inc ($829k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. At year end it held assets of $1.4m against liabilities of $1,764, net assets of $1.4m.