Philanthropia Foundation

Analysis

Philanthropia Foundation is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in December 1996, 30 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Philanthropia Foundation reported income of $488k and spending of $516k, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $364k to $488k (+34%), an average of +7.6% a year. Over the whole period it spent 104% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Philanthropia Foundation sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 68th percentile within WA. Charities of a similar size with the same main cause include Community Resident Services Inc ($488k), Belder Affordable Housing Corp ($488k) and His House Foundation ($488k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 98% of the total. Compensation of current officers, directors and key employees was $64k (12% of expenses). Other salaries and wages came to $280k. At year end it held assets of $221k against liabilities of $800, net assets of $220k. It reported 19 employees.