Fund for Girard College

Analysis

Fund for Girard College is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in November 2022, 4 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 supporting organisation (type iii functionally integrated) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Fund for Girard College reported income of $597k and spending of $3,732, leaving 99% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income grew from $106k to $597k (+464%), an average of +464% a year. The sharpest change came in the year to June 2023, when income rose by 464%. Over the whole period it spent 0.8% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Fund for Girard College sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 71st percentile within PA. Charities of a similar size with the same main cause include Indigo Support Corporation ($597k), Local Boys Do Good ($597k) and Duke University Philanthropies Inc ($596k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $755k against liabilities of $62k, net assets of $694k.