Philos Project INC EIN 47-1182714 Form 990 (PDF) Claim this org

Philos Project INC

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Promotes positive Christian engagement in the Near East. For fiscal year 2024 it reported $6.5M in revenue, $7.8M in expenses, and $-156K in net assets.Pt I

Founded
2014
Type
Public charity (501(c)(3)) · Arts & Culture
Location
New York, NY
Website
www.philosproject.org
Filings
5 on file (2020–2024)
Revenue
$6.5MFY2024
Expenses
$7.8M
Net assets
$-156K
People
7
Filings
5
Updates
0
More identity details & actions ⌄
EIN  47-1182714 Public charity (501(c)(3)) New York, NY Founded 2014
Form 990 (PDF)
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Figures match the IRS filing checked 8/19/26 · see original: IRS
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Size
$1–10M
What they do
Promotes positive Christian engagement in the Near East.
Leadership
Lucas Moon · Deputy Director, President and Acting CEO · $222K
Money in and out
$6.5M revenue, $7.8M expenses
Bottom line
85% program efficiency
Where the money goes · FY2024
Total revenue
$6.5M
Pt VIII · Ln 12
Total expenses
$7.8M
Pt IX · Ln 25
Net assets
$-156K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$1.3M
Where spending went · Part IX cols B–D
Program services $0.85 Management & general $0.13 Fundraising $0.03
Program efficiency
85%
of spending reaches programs-0.2% vs prior filing year
Operating runway
0.2mo
months of highly liquid reserves at operating expense rate▼ -60% vs prior filing year
Surplus margin
-20%
revenue over expenses, this year▼ -61% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$6.5M
FY2024▼ -13%
Expenses
$7.8M
FY2024▼ -7%
Total assets
$500K
FY2024▼ -70%
Total liabilities
$656K
FY2024▲ +26%
Total revenue
$6.5M
Pt VIII · Ln 12
Total expenses
$7.8M
Pt IX · Ln 25
Net assets
$-156K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$1.3M
Total assetsPt X · Ln 16$500K
Program-expense ratioPt IX · col B85%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 43
Mission & Programs · Part III

Where the work happens

3 program services account for $6.6M of program spending, described in the organization's own filed words · FY2024.
01

Promoting Christian Engagement

The mission of the philos project is topromote positive christian engagement in the near east. All of philos'programs, including the philos leadership institute, philos actionleague, and philos' leadership trips are designed to bring a christianvoice to the near east.

$4.8Mprogram expense
02

Philos Latino

Philos is committed to serving and equipping thehispanic christian community as it seeks to engage the near EAST.PHILOS regularly surveys the hispanic christians on their view ofisrael and christian persecution in the near east.

$1.4Mprogram expense
03

Philos Black

The philos project is committed to serving and equippingthe african american community as it seeks to engage the near EAST.PHILOS hosts events and conferences for our network of african americanchristian leaders focused on the connection between israel, africa, andblack america.

$391Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CPhilos Project INC
EINHdr · item D47-1182714
Principal addressHdr · item CNew York, NY
WebsiteHdr · item Jwww.philosproject.org
Year of formationHdr · item L2014
State of legal domicileHdr · item MNY
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A80)
Ruling yearIRS BMFFeb 2015

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a3
Independent voting membersPt VI · Ln 1b3
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Deputy Director, President and Acting CEO
$221,664Pt VII · Sec A
Director of Philos Latino
$160,790Pt VII · Sec A
Director of Communications
$109,725Pt VII · Sec A
$68,269Pt VII · Sec A
Director, Secretary
$0Pt VII · Sec A
Director, Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Lucas Moon’s $222K as Deputy Director, President and Acting CEO is at the 89th percentile of top reported officer pay among 3916 $1–10M arts & culture nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Robert Nicholson$325,000$300,000$290,000$290,000
Lucas Moon$221,664$271,500$256,800$240,600$212,000
Jesse Rojo$160,790$169,500$160,000$130,000$110,000
Caroline Walker$152,952$147,100$110,443
Andrew Doran$120,000
Josefa Gonzalez$109,725$113,000$107,500
Kristina King Until 1121$111,833
Rebeca Cruz$108,400

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Contributions & grants$6.4M · 99%
Other revenue$51K · 1%
Contributions & grants99%$6.4M
Other revenue1%$51K
Program service revenue$26K
Total revenueLn 12$6.5M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.85 Management & general $0.13 Fundraising $0.03
Program services85%$6.6M
Management & general13%$991K
Fundraising3%$216K
Total functional expensesLn 25$7.8M

Balance Sheet

Part X · end of year
CashLn 1$115K
Total assetsLn 16$500K
Total liabilitiesLn 26$656K
Total net assetsLn 32$-156K
Months of cash on handcomputed0.2

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $115K · Operating expenses/yr $7.8M
0.2 months
Where the money goes
Program services
Program services $6.6M · Total expenses $7.8M
85%
Management & General
Management & general $991K · Total expenses $7.8M
13%
Fundraising
Fundraising $216K · Total expenses $7.8M
3%
Cost to raise $1
Fundraising expense (3-yr avg) $295K · Solicited contributions (3-yr avg) $7.2M
$0.04 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $6.4M · Total revenue $6.5M
99%
Government reliance
Government grants — · Total revenue $6.5M
Earned-income share
Program service revenue $26K · Total revenue $6.5M
0.4%
Investment reliance
Investment income $0 · Total revenue $6.5M
0%
Program self-sufficiency
Program service revenue $26K · Total expenses $7.8M
0.3%
Growth & trend
Revenue growth (YoY)
This year $6.5M · Prior year $7.5M
-13%
Revenue CAGR
FY2020 $9.4M · FY2024 $6.5M
-9%
Net-asset trend (YoY)
End of year $-156K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $6.5M · Expenses $7.8M
-20%
Liabilities-to-Assets
Total liabilities — · Total assets $500K
Net-asset ratio
Net assets $-156K · Total assets $500K
-31%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $500K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Lucas Moon · Reported title DEPUTY DIRECTOR, PRESIDENT AND ACTING CEO · Highest reported compensation $222K · Total expenses $7.8M
3%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $3.6M · Total expenses $7.8M
46%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 85%
Overhead ratio 13%
Fundraising cost ratio 3%
Revenue growth -13%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 11 funders →
Grants paid · 22 grants · $1.7M · 2020–2024
Unitemized GrantFY2024$40,053
Teach for Israel INCOH · FY2024$20,000
Yeshiva UniversityNY · FY2023$100,580
Center for Hebraic ThoughtFY2023$45,000
Unitemized GrantFY2023$33,192
The King's CollegeNY · FY2023$15,000
The King's CollegeNY · FY2022$92,001
Unitemized GrantFY2022$68,388
The King's CollegeNY · FY2021$153,500
Unitemized GrantFY2021$60,933
The King's CollegeNY · FY2020$200,000
See all 22 grants →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$6.5M revenue · viewing · ⤓ 990 PDF
FY2023$7.5M revenue · ⤓ 990 PDF
FY2022$8.9M revenue · ⤓ 990 PDF
FY2021$1.2M revenue · ⤓ 990 PDF
FY2020$9.4M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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