Philomatheon Club of Loveland Colorado

Analysis

Philomatheon Club of Loveland Colorado is a registered charity in United States, based in Loveland, CO. It received its IRS tax-exemption ruling in June 1984, 42 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 July 2024, Philomatheon Club of Loveland Colorado reported income of $72k and spending of $58k, spending 80% of its income. Across the 3 years on record, from July 2022 to July 2024, income grew from $60k to $72k (+21%), an average of +10% a year. The sharpest change came in the year to July 2024, when income rose by 20%. Over the whole period it spent 82% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Philomatheon Club of Loveland Colorado sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 25th percentile within CO. Charities of a similar size with the same main cause include Foothill Auxiliary to Peninsula Family Service ($72k), Ouzinkie Community Holding Corporation ($72k) and Farms in the Heights ($72k).

On its Form 990-EZ for the period ending July 2024, revenue came from contributions and grants 95% of the total. At year end it held assets of $81k against liabilities of $0, net assets of $81k.