Philippians 2 Foundation

Analysis

Philippians 2 Foundation is a registered charity in United States, based in Yorktown, VA. It received its IRS tax-exemption ruling in April 2020, 6 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 December 2023, Philippians 2 Foundation reported income of $445k and spending of $83k, leaving 81% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income fell from $568k to $445k (-22%), an average of -7.9% a year. The sharpest change came in the year to December 2021, when income dropped by 45%. Over the whole period it spent 18% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Philippians 2 Foundation sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 68th percentile within VA. Charities of a similar size with the same main cause include Connexion Worldwide Partnership ($445k), Jerusalem Seminary ($445k) and Canadian Inter-Varsity Christian Fellowship Inc ($445k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% of the total. At year end it held assets of $1.4m against liabilities of $2,076, net assets of $1.4m.