Philosophical Society of Washington

Analysis

Philosophical Society of Washington is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in March 1977, 49 years ago. 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 June 2024, Philosophical Society of Washington reported income of $133k and spending of $101k, leaving 24% of income unspent that year. Across the 2 years on record, from June 2023 to June 2024, income grew from $94k to $133k (+41%), an average of +41% a year. The sharpest change came in the year to June 2024, when income rose by 41%. Over the whole period it spent 81% 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 Washington sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 23rd percentile within DC. Charities of a similar size with the same main cause include Drama Workshop ($133k), The Franklin Fire Engine Company T a Franklin Fire Company No 1 ($133k) and Zion Benton Childrens Service Inc ($133k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 55% and program service revenue 32% of the total. At year end it held assets of $597k against liabilities of $20k, net assets of $577k.