Phi Community Foundation

Analysis

Phi Community Foundation is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in August 1995, 31 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Phi Community Foundation reported income of $466k and spending of $474k, spending 102% of its income. Across the 5 years on record, from December 2018 to December 2023, income fell from $703k to $466k (-34%), an average of -9.8% a year. The sharpest change came in the year to December 2021, when income rose by 68%. Over the whole period it spent 98% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Phi Community Foundation sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 42nd percentile within DC. Charities of a similar size with the same main cause include Simon Family Foundation ($466k), Partnersfinancial Charitable Foundation ($466k) and Academics in Motion Inc ($465k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 103% of the total. At year end it held assets of $176k against liabilities of $94k, net assets of $82k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.