Philaflam

Analysis

Philaflam is a registered charity in United States, based in Wayne, PA. It received its IRS tax-exemption ruling in April 2014, 12 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 June 2023, Philaflam reported income of $280k and spending of $321k, spending 115% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $228k to $280k (+23%), an average of +7.1% a year. The sharpest change came in the year to June 2022, when income rose by 26%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Philaflam sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 58th percentile within PA. Charities of a similar size with the same main cause include Women in Institutional Investments Network Wiiin ($280k), Compositive Project ($280k) and Cedar Valley Kids ($280k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 20% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $92k (29% of expenses). At year end it held assets of $95k against liabilities of $3,951, net assets of $91k. It reported 13 employees.