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Philanthropi Charitable FY2023 filing

Tax-deductible

Philadelphia, PA501(c)(3)Public & Societal BenefitEIN 45-5634144

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Philanthropi's primary objective is to increase the Charitable giving to elgible organizations through it's fundraising and outreach efforts. Services provided by Philanthropi include, but not limited to the due diligence of Charitable organizations, administration of grant awards to eligible organizations, and enhancing the impact of Charitable giving and disaster relief.

501(c)(3) charity; gifts are tax-deductible.
98¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $236K a year · 20% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
98%
of spending
Looks good: 98% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
20 mo
of spending, in cash
Looks good: 19.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $10K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$2K
0.1% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$829K
-0.3% vs prior year
Spent
$812K
To programs
98%
Net assets
$1.4M
By yearFY2020–FY2024
Revenue
$829K
FY2023-0.3%
Revenue by fiscal year
FY2020$1.7M
FY2021$2.1M
FY2022$832K
FY2023$829K
FY2024$353K
Expenses
$812K
FY2023▲ +66%
Expenses by fiscal year
FY2020$764K
FY2021$2.2M
FY2022$489K
FY2023$812K
FY2024$401K
Net assets
$1.4M
FY2023▼ -5%
Net assets by fiscal year
FY2020$1.0M
FY2021$938K
FY2022$1.5M
FY2023$1.4M
FY2024$1.4M

From the FY2023 Form 990 · see the original

Give Claim
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 2021.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

98 cents of each dollar spent went to programs.

Program services 98% · $799K Management & general 2% · $14K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

4 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Wendy Prager
Director
$0Pt VII · Sec A
Sulaiman Rahman
Board Chair
$0Pt VII · Sec A
Keith Leaphart
Executive Di
$0Pt VII · Sec A
See Philanthropi Charitable executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Increases charitable giving by fundraising, vetting organizations, and awarding grants.

Provided by the organization

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2 program services account for $799K of program spending, described in the organization's own filed words · FY2023.
01

Provide individual and corporate impact accounts that serve as donor advised account funds.

$506Kprogram expense
02

Engage in a philanthropic program to assist employers in and outside the community to provide financial assistance to employees.

$293Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2023
Donor Advised Charitable Giving INCFY2023$10K
Total grants receivedfrom 1 funder$10K
Grants paid · 21 grants · $2.4M · 2021–2024
Unitemized GrantFY2024$166,122
Change Our Future FoundationPA · FY2024$62,553
Unitemized GrantFY2023$239,199
Rwj Barnabas Health INCFY2023$9,550
Hampton UniversityFY2023$9,550
Unitemized GrantFY2022$78,232
Associated Alumni of the Central High School of PhiladelphiaPA · FY2022$12,500
Trustees of the University of PennsNC · FY2022$10,000
United Negro College Fund INCDC · FY2022$10,000
Unitemized GrantFY2021$1,565,169
Year Up INCMA · FY2021$50,000
Nourishnc INCNC · FY2021$42,708
Collective Impact in New Hanover County INCNC · FY2021$32,268
The OrphanetworkVA · FY2021$26,595
Dare to Imagine Church INCPA · FY2021$15,500
Trustees of the University of PennsNC · FY2021$11,000
United Negro College Fund INCDC · FY2021$10,025
Phoenix Employment Services of Wilmingto INC DBA Stepup WilmingtonNC · FY2021$9,935
See all 21 grants →

By the numbers

The FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$829K
Ln 12
Gifts and grantsLn 1h$800K
Investment incomeLn 3$29K
Money outPt IX
$812K
Ln 25
Programscol B$799K
Managementcol C$14K
Owns and owesPt X
$1.4M
net assets · Ln 32
Cash and savingsLn 1–2$1.3M
Total assetsLn 16$1.4M
LiabilitiesLn 26$2K
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$800K
Investment incomeLn 3$29K
Total revenueLn 12$829K
Assets in detailPt X, end of year
CashLn 1$1.3M
Cash and savings togetherLn 1–2$1.3M
Total assetsLn 16$1.4M
LiabilitiesLn 26$2K
Net assetsLn 32$1.4M
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$1.6M$1.3M
Total assetsLn 16$1.6M$1.4M
LiabilitiesLn 26$76K$2K
Net assetsLn 32$1.5M$1.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$494K$494K
Grants to domestic individualsLn 2$239K$239K
Management feesLn 11a$56K$56K
Accounting feesLn 11c$12K$12K
Other fees for servicesLn 11g$10K$10K$71
InsuranceLn 23$1K$1K
Total functional expensesLn 25$812K$799K$14K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $353K$401K−$49K$1.4M 990 PDF
FY2023 Viewing $829K$812K$16K$1.4M 990 PDF
FY2022 $832K$489K$342K$1.5M 990 PDF
FY2021 $2.1M$2.2M−$101K$938K 990 PDF
FY2020 $1.7M$764K$970K$1.0M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2023 990 (4 parts)
Part VIII · Statement of revenue $828,711 across 4 lines filed
VIII-1f All other contributions, gifts and grants$800,136
VIII-1h Total contributions, gifts and grants$800,136
VIII-3 Investment incomeExcluded from tax $28,575$28,575
VIII-12 Total revenueExcluded from tax $28,575$828,711
Part IX · Statement of functional expenses $812,221 across 6 lines filed
IX-1 Grants to domestic organizationsPrograms $493,849$493,849
IX-2 Grants to domestic individualsPrograms $239,199$239,199
IX-11a Management feesPrograms $55,724$55,724
IX-11c Accounting feesManagement $12,425$12,425
IX-11g Other fees for servicesPrograms $9,853 · Management $71$9,924
IX-23 InsuranceManagement $1,100$1,100
IX-25 Total functional expensesPrograms $798,625 · Management $13,596 · Fundraising $0$812,221
Part X · Balance sheet $1,400,870 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $1,551,303$1,341,806
X-3 Pledges and grants receivable$50,000
X-4 Accounts receivableStart of year $1,184$9,064
X-16 Total assetsStart of year $1,552,487$1,400,870
X-17 Accounts payable and accrued expensesStart of year $75,800$1,764
X-26 Total liabilitiesStart of year $75,800$1,764
X-27 Net assets without donor restrictionsStart of year $1,476,687$1,399,106
X-32 Total net assets or fund balancesStart of year $1,476,687$1,399,106
X-33 Total liabilities and net assetsStart of year $1,552,487$1,400,870
Part XI · Reconciliation of net assets $1,399,106 net assets at year end
XI-1 Total revenue$828,711
XI-2 Total expenses$812,221
XI-3 Revenue less expenses$16,490
XI-4 Net assets at start of year$1,476,687
XI-8 Prior period adjustments−$94,071
XI-10 Net assets at end of year$1,399,106

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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