Philoxenia Charities

Analysis

Philoxenia Charities is a registered charity in United States, based in Rochester, MN. It received its IRS tax-exemption ruling in November 2020, 6 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 December 2023, Philoxenia Charities reported income of $90k and spending of $169k, spending 187% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $113k to $90k (-20%), an average of -20% a year. The sharpest change came in the year to December 2023, when income dropped by 20%. Over the whole period it spent 148% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Philoxenia Charities sits at the 20th percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 31st percentile within MN. Charities of a similar size with the same main cause include NCCS - Housing Families First Nonprofit Housing Corporation ($90k), South Amboy Renaissance Corporation ($90k) and Virginia Place Apartments Inc ($90k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 89% and program service revenue 11% of the total. At year end it held assets of $34k against liabilities of $45k, net assets of -$11k.