Phi Gamma Delta Educational Foundation

Analysis

Phi Gamma Delta Educational Foundation is a registered charity in United States, based in Lexington, KY. It received its IRS tax-exemption ruling in June 1953, 73 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, Phi Gamma Delta Educational Foundation reported income of $4.2m and spending of $2.5m, leaving 41% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $2.6m to $4.2m (+65%), an average of +13% a year. The sharpest change came in the year to June 2021, when income rose by 62%. Over the whole period it spent 64% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Phi Gamma Delta Educational Foundation sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within KY. Charities of a similar size with the same main cause include Grand River Academy ($4.2m), Fay Biccard Glick Neighborhood Center at Crooked Creek ($4.2m) and Habitat for Humanity Inc ($4.2m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 65% of the total. Compensation of current officers, directors and key employees was $185k (7.4% of expenses). Other salaries and wages came to $113k. At year end it held assets of $29.8m against liabilities of $447k, net assets of $29.4m. It reported 2 employees.