Custos Foundation

Analysis

Custos Foundation is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in December 2022, 4 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Custos Foundation reported income of $604k and spending of $4.2m, spending 696% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $9.0m to $604k (-93%), an average of -74% a year. The sharpest change came in the year to December 2023, when income rose by 512%. Over the whole period it spent 50% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Custos Foundation sits at the 86th percentile: it is larger than about 86% 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 Charuhas Foundation Inc ($604k), Daniel Payne College Village Foundation ($604k) and Riding High Ministries Inc ($604k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 33% of the total. At year end it held assets of $5.5m against liabilities of $0, net assets of $5.5m.