Philanthropy Connection Inc

Analysis

Philanthropy Connection Inc is a registered charity in United States, based in Cambridge, MA. It received its IRS tax-exemption ruling in September 2012, 14 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 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, Philanthropy Connection Inc reported income of $317k and spending of $318k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $336k to $317k (-5.9%), an average of -1.5% a year. Over the whole period it spent 95% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Philanthropy Connection Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 64th percentile within MA. Charities of a similar size with the same main cause include United Way of Southwest Virginia ($317k), One by One Costa Rica ($317k) and New Jersey Abortion Access Fund Inc ($317k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. At year end it held assets of $564k against liabilities of $143k, net assets of $422k.