Philosophical Research Society Inc

Analysis

Philosophical Research Society Inc is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in August 1945, 81 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Philosophical Research Society Inc reported income of $821k and spending of $913k, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $557k to $821k (+47%), an average of +10% a year. The sharpest change came in the year to December 2021, when income rose by 38%. Over the whole period it spent 101% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Philosophical Research Society Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 78th percentile within CA. Charities of a similar size with the same main cause include Marian Anderson Historical Society ($821k), Public Health Watch Inc ($821k) and Appeal Inc ($821k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 38% and program service revenue 24% of the total. Compensation of current officers, directors and key employees was $81k (8.9% of expenses). Other salaries and wages came to $332k. At year end it held assets of $1.3m against liabilities of $43k, net assets of $1.3m. It reported 15 employees.