Philanthropic Concepts Inc

Analysis

Philanthropic Concepts Inc is a registered charity in United States, based in Newport Beach, CA. It received its IRS tax-exemption ruling in March 2017, 9 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 private non-operating foundation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2018, Philanthropic Concepts Inc reported income of $175k and spending of $0, leaving 100% of income unspent that year. Across the 2 years on record, from December 2017 to December 2018, income grew from $172k to $175k (+1.7%), an average of +1.7% a year. Over the whole period it spent 0.0% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Philanthropic Concepts Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 53rd percentile within CA. Charities of a similar size with the same main cause include Cassar Family Foundation ($175k), Qli Family Foundation Inc ($175k) and Rosalind Franklin Society ($175k).

On its Form 990-EZ for the period ending December 2018, revenue came from contributions and grants 100% of the total. At year end it held assets of $347k against liabilities of $0, net assets of $347k.