Philosophical Society of Texas

Analysis

Philosophical Society of Texas is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in October 1975, 51 years ago. 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, Philosophical Society of Texas reported income of $438k and spending of $418k, spending 95% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $338k to $438k (+30%), an average of +5.3% a year. The sharpest change came in the year to June 2022, when income rose by 111%. Over the whole period it spent 85% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Philosophical Society of Texas 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 68th percentile, and in the 73rd percentile within TX. Charities of a similar size with the same main cause include Thetis Foundation ($438k), National Church Residences of ($439k) and West Virginia Parent Training and Information Inc ($438k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 26% and program service revenue 59% of the total. Compensation of current officers, directors and key employees was $78k (19% of expenses). At year end it held assets of $1.5m against liabilities of $7,782, net assets of $1.5m. It reported 1 employees.