Philadelphia Research & Education Foundation is a 501(c)(3) organization based in Philadelphia, Pennsylvania, registered in 2002, with $2,202,326 in FY2023 revenue. CharityIndex grades it B.
Revenue (FY2023)
$2.2M
▼ 16.3% vs prior year
Medical Research median: $217K
Expenses (FY2023)
$2.3M
Net assets
$3.0M
Employees
—
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. Not scored for Philadelphia Research & Education Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
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 Research & Education Foundation: 16 mo reserves · -6% margin earns a B+ on this criterion. See the exact thresholds →
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. Not scored for Philadelphia Research & Education Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
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 Research & Education Foundation: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
Show this grade on your website
A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Revenue grew from $1.3M (FY2013) to $2.2M (FY2023) across 10 reported years.
Financial snapshot
Operating margin
-6.3%
Spent more than it raised in the latest fiscal year.
Total assets
$3.3M
Total liabilities
$282K
Net assets
$3.0M
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $2,202,326▼16.3% | $2,340,310▲25.0% | $3,036,121▼4.1% | $3,317,769▼12.1% | 990 |
| 2022 | $2,630,237▼14.9% | $1,871,954▲30.2% | $3,167,298▲16.0% | $3,774,629▲22.6% | 990 |
| 2021 | $3,092,281▲58.2% | $1,437,690▲3.7% | $2,730,395▲154% | $3,079,281▲17.6% | 990 |
| 2020 | $1,954,451▲94.6% | $1,386,509▲36.3% | $1,075,699▲112% | $2,618,166▲20.9% | 990 |
| 2019 | $1,004,457▲61.6% | $1,017,471▲34.6% | $507,757▼2.5% | $2,166,206▲41.6% | 990 |
| 2018 | $621,540▲19.4% | $756,144▲41.9% | $520,771▼20.5% | $1,529,651▲32.0% | 990 |
| 2017 | $520,751▼11.2% | $532,895▲4.7% | $655,375▼1.8% | $1,158,569▲0.6% | 990 |
| 2016 | $586,613▼35.6% | $509,172▼50.1% | $667,519▲11.6% | $1,151,914▼0.1% | 990 |
| 2015 | $910,446▼31.4% | $1,019,434▼37.5% | $598,276▲14.2% | $1,153,280▼12.3% | 990 |
| 2013 | $1,327,703 | $1,631,512▲5.4% | $523,681▼36.7% | $1,314,842▼5.1% | 990 |
| 2012 | — | $1,547,415▼1.3% | $827,490▲4.5% | $1,384,877▲9.3% | 990 |
| 2011 | — | $1,568,423 | $791,632 | $1,266,464 | 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.
17 grants to Philadelphia Research & Education Foundation totaling $2.1M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| The Albertsons Companies Foundation | Veterans | 2024 | $15,000 |
| Vanguard Charitable Endowment Program | For recipient's exempt purpose | 2023 | $30,000 |
| Cornell University | Research-bioengineering/biomedical engineering | 2022 | $14,803 |
| Prostate Cancer Foundation | Cancer research | 2021 | $500,000 |
| Michael J Fox Foundation For Parkinsons Research | Parkinson's research | 2021 | $237,751 |
| Cornell University | Research | 2021 | $37,664 |
| Vanguard Charitable Endowment Program | For recipient's exempt purpose | 2021 | $20,000 |
| Prostate Cancer Foundation | Cancer research | 2020 | $300,000 |
| Cornell University | Research | 2020 | $235,733 |
| Michael J Fox Foundation For Parkinsons Research | Parkinson's research | 2019 | $116,576 |
| The Childrens Hospital of Philadelphia | Research | 2019 | $16,812 |
| Drexel University | Research | 2018 | $60,000 |
| The Childrens Hospital of Philadelphia | Research | 2018 | $16,323 |
| The Childrens Hospital of Philadelphia | Research | 2016 | $34,481 |
| Michael J Fox Foundation For Parkinsons Research | Parkinson's research | 2015 | $375,000 |
Explore more
Data for Philadelphia Research & Education Foundation (EIN 23-3066002) 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.