Philanos

Analysis

Philanos is a registered charity in United States, based in Ellicott, MD. It received its IRS tax-exemption ruling in November 2013, 13 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 June 2024, Philanos reported income of $376k and spending of $249k, leaving 34% of income unspent that year. Across the 4 years on record, from June 2020 to June 2024, income fell from $401k to $376k (-6.2%), an average of -2.1% a year. The sharpest change came in the year to June 2023, when income rose by 279%. Over the whole period it spent 68% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Philanos sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 65th percentile within MD. Charities of a similar size with the same main cause include HCCF Real Estate Supporting Organization ($376k), Las Cruces Public Schools Foundation ($376k) and Elaine P Nunez Community College Foundation ($376k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 84% and program service revenue 13% of the total. At year end it held assets of $425k against liabilities of $0, net assets of $425k.