Philomathean Charity Club Inc

Analysis

Philomathean Charity Club Inc is a registered charity in United States, based in Santa Monica, CA. It received its IRS tax-exemption ruling in February 2024, 2 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Philomathean Charity Club Inc reported income of $162k and spending of $185k, spending 114% of what it took in. Across the 2 years on record, from December 2021 to December 2023, income fell from $187k to $162k (-13%), an average of -13% a year. Over the whole period it spent 80% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Philomathean Charity Club Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 51st percentile within CA. Charities of a similar size with the same main cause include Weld Family Cares ($162k), Step of Faith Outreach Inc ($162k) and National House of Hope Inc ($162k).

At year end it held assets of $385k against liabilities of $0, net assets of $385k.