Philadelphia Foundation
90% goes to programs $1 to raise $100 Strong reserves Growing revenue
Philadelphia Foundation is a 501(c)(3) organization based in Philadelphia, Pennsylvania, registered in 1990, with $88,851,245 in FY2024 revenue. CharityIndex grades it A, and it directs about 90% of spending to programs.
1835 Market St Ste 2410, Philadelphia, PA, 19103 EIN 23-1581832 Since 1990
Revenue (FY2024)
$88.9M
▲ 54.9% vs prior year
Philanthropy median: $168K
Expenses (FY2024)
$52.1M
Net assets
$681.9M
Employees
57
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
AProgram efficiency40% of the rating90% to programs · $1 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Philadelphia Foundation: 90% to programs · $1 to raise $100 earns a A on this criterion. See the exact thresholds →
B+Financial health25% of the rating157 mo reserves · +41% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Philadelphia Foundation: 157 mo reserves · +41% margin earns a B+ on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Philadelphia Foundation: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Philadelphia Foundation: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
Community foundation strengthens the economic, social & civic vitality of greater philadelphia.
Contact & location
- Address
- 1835 Market St Ste 2410, Philadelphia, PA, 19103
- City
- Philadelphia
- State
- Pennsylvania
- Subcategory
- Public Foundations
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $31.1M (FY2013) to $88.9M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $22.7MNet assets $681.9M
Operating margin
41.4%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$704.6M
Total liabilities
$22.7M
Net assets
$681.9M
Salaries & benefits
$3.6M
7% of expenses
Board members
16
16 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $88,851,245▲54.9% | $52,053,674▼4.1% | $681,916,708▲12.7% | $704,644,796▲11.7% | 990 |
| 2023 | $57,345,521▼28.6% | $54,267,925▲11.3% | $605,093,430▲8.1% | $630,809,001▲7.9% | 990 |
| 2022 | $80,318,312▲10.5% | $48,747,954▼20.4% | $559,673,794▼13.2% | $584,384,980▼12.7% | 990 |
| 2021 | $72,684,648▼6.7% | $61,244,181▼31.0% | $644,677,201▲28.5% | $669,216,014▲28.7% | 990 |
| 2020 | $77,874,752▲16.8% | $88,811,151▲156% | $501,622,091▲4.8% | $520,035,912▲4.5% | 990 |
| 2019 | $66,660,025▼16.1% | $34,669,527▼0.6% | $478,454,831▲20.1% | $497,405,675▲20.0% | 990 |
| 2018 | $79,448,283▲32.8% | $34,874,966▲30.5% | $398,278,408▲2.7% | $414,429,037▲2.7% | 990 |
| 2017 | $59,820,427▲151% | $26,732,345▲1.0% | $387,916,310▲18.7% | $403,541,826▲18.9% | 990 |
| 2016 | $23,826,555▼22.7% | $26,471,875▼14.7% | $326,715,657▲1.7% | $339,382,080▲0.9% | 990 |
| 2015 | $30,833,683▼11.7% | $31,048,320▲13.5% | $321,108,245▼4.6% | $336,330,998▼3.5% | 990 |
| 2014 | $34,914,254▲12.1% | $27,349,376▲7.8% | $336,629,066▲1.7% | $348,544,450▲1.8% | 990 |
| 2013 | $31,145,181 | $25,376,362▼1.5% | $330,884,656▲10.6% | $342,506,403▲10.5% | 990 |
| 2012 | — | $25,753,413▲16.1% | $299,230,498▲7.0% | $309,849,002▲7.1% | 990 |
| 2011 | — | $22,182,157▲8.2% | $279,741,350▼3.1% | $289,399,449▼3.2% | 990 |
| 2010 | — | $20,509,082 | $288,716,332 | $298,851,335 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Pedro A Ramos — $451,338 (0.87% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Pedro A Ramos | President & Ceo, Secretary | 35 | $451,338 |
| Orlando Esposito | Chief Invest. Ofcr., Cfo To Jun 2024 | 35 | $200,568 |
| Janice Marini | Chief Advancement Officer | 35 | $190,798 |
| Kevin Dow | Exec. Director, Regional Foundation | 35 | $174,502 |
| Helen Booth | Chief of Staff | 35 | $170,834 |
| Theodore Qualli | Dir. of Communications and Marketing | 35 | $151,947 |
| Denise Ayers | Director of Grants and Programs | 35 | $133,158 |
| Christine Conti | Chief Financial & Admin. Officer | 35 | $116,827 |
| Aldustus Aj Jordan | Board Member | 2.2 | — |
| Andrew Rogoff | Board Member | 2.2 | — |
| Christina Mesires Fournaris | Board Member | 2.2 | — |
| Dixianne James | Board Member | 2.2 | — |
| Evan Urbania | Board Member | 2.2 | — |
| Evelyn Mcniff | Board Member | 2.2 | — |
| Holly Flanagan | Board Member | 2.2 | — |
| Jane Scaccetti | Board Member | 2.2 | — |
| Kate Allison | Board Member | 2.2 | — |
| Lon Greenberg | Chair | 2.2 | — |
| Michael K Pearson | Board Member | 2.2 | — |
| Sharmain Matlock-turner | Board Member | 2.2 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Crewcial Partners | Consulting Services | $209,267 |
| Montgomery Mccracken Walker & Rhoads Ll | Legal Services | $139,225 |
| Attolon Consulting | Contracted Services | $121,275 |
| Jacobson Strategic Communications | Contracted Services | $120,000 |
| Cliftonlarsonallen LLP | Professional Services | $111,962 |
Grants received · $14.1M total
80 grants to Philadelphia Foundation totaling $14.1M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Greater Hartford Gives Foundation | Philanthropy | 2024 | $33,344 |
| The Us Charitable Gift Trust | For recipient's exempt purpose | 2024 | $25,000 |
| Charities Aid Foundation America | Charitable donation | 2024 | $6,457 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $66,252 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2023 | $50,000 |
| Donor Advised Charitable Giving | Public, societal benefit | 2023 | $27,825 |
| Greater Hartford Gives Foundation | Philanthropy | 2023 | $26,593 |
| Vanguard Charitable Endowment Program | For recipient's exempt purpose | 2023 | $18,000 |
| National Philanthropic Tr | Public, societal benefit | 2022 | $2,819,300 |
| Gs Donor Advised Philanthropy Fund For Wealth Management Inc | Community & human services | 2022 | $1,026,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2022 | $534,600 |
| Greater Hartford Gives Foundation | General support | 2022 | $93,078 |
| Donor Advised Charitable Giving | Public, societal benefit | 2022 | $30,925 |
| Vanguard Charitable Endowment Program | For recipient's exempt purpose | 2022 | $11,500 |
| Donor Advised Charitable Giving | Public, societal benefit | 2021 | $538,528 |
Grants made · $39.1M in FY2024
715 grants totaling $39.1M in FY2024 — showing the 15 largest. All grants made by Philadelphia Foundation →
| Recipient | Purpose | Amount |
|---|---|---|
| Methow Housing Tr | To provide general operating support in fy2024 | $1,600,000 |
| Philadelphia Museum of Art | General operating support | $1,027,579 |
| Bayada Home Health Care Inc | Advance 75 home health aides | $1,000,000 |
| Impact Services Corp | General operating support | $850,000 |
| Low Income Housing Institute | Support the mlk project | $850,000 |
| Tri-county Community Action Agency Inc | Program support | $850,000 |
| Culture Changing Christians Worship Center Inc | Support of the cohort graduation | $607,500 |
| Maternity Care Coalition | General operating support | $560,000 |
| National Network of Abortion Funds | In support of client service and procedures | $501,750 |
| Ims Foundation | General operating support | $500,000 |
| Weld Seattle | Strengthening infrastructure & enhance program | $500,000 |
| Culturetrust Greater Philadelphia | General operating support | $462,500 |
| Heights Philadelphia | General operating support | $406,646 |
| Commonwealth of Pennsylvania Department of Human Services | Federal government's matching funds program | $370,263 |
| The Free Library of Philadelphia | General operating support | $366,520 |
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Frequently asked questions
- Is Philadelphia Foundation a legitimate nonprofit?
- Yes. Philadelphia Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 23-1581832, based in Philadelphia, Pennsylvania. Donations are tax-deductible.
- What is Philadelphia Foundation's EIN?
- Philadelphia Foundation's Employer Identification Number (EIN) is 23-1581832.
- How much revenue does Philadelphia Foundation report?
- Philadelphia Foundation reported $88,851,245 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Philadelphia Foundation's spending goes to programs?
- Philadelphia Foundation spends about 90% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Philadelphia Foundation have?
- CharityIndex grades Philadelphia Foundation A, based on program efficiency and fundraising cost.
- How much does Philadelphia Foundation's highest-paid employee make?
- The highest reported compensation on Philadelphia Foundation's latest Form 990 is $451,338, paid to Pedro A Ramos (President & Ceo, Secretary).
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Explore more
Data for Philadelphia Foundation (EIN 23-1581832) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.