Pheaa Student Loan Foundation Inc

Analysis

Pheaa Student Loan Foundation Inc is a registered charity in United States, based in Harrisburg, PA. It received its IRS tax-exemption ruling in August 2003, 23 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Pheaa Student Loan Foundation Inc reported income of $108.9m and spending of $100.5m, spending 92% of its income. Across the 5 years on record, from June 2020 to June 2024, income fell from $118.7m to $108.9m (-8.2%), an average of -2.1% a year. The sharpest change came in the year to June 2023, when income rose by 88%. Over the whole period it spent 83% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Pheaa Student Loan Foundation Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within PA. Charities of a similar size with the same main cause include Agrace Hospicecare Incorporated ($107.5m), Oregon Food Bank Inc ($109.0m) and Organ Procurement Agency of Michigan ($107.5m).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 97% of the total. At year end it held assets of $1.39bn against liabilities of $1.24bn, net assets of $158.0m.