Be Philly Foundation LLC

Analysis

Be Philly Foundation LLC is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in September 2021, 5 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Be Philly Foundation LLC reported income of $358k and spending of $227k, leaving 36% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $207k to $358k (+73%), an average of +73% a year. The sharpest change came in the year to December 2023, when income rose by 73%. Over the whole period it spent 57% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Be Philly Foundation LLC sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 63rd percentile within PA. Charities of a similar size with the same main cause include Kids Under Construction Preschool Inc ($358k), Huron University College Foundation USA ($358k) and Remnant University ($358k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $243k against liabilities of $3,008, net assets of $240k.