Philos Foundation Inc

Nonprofit profile at a glance

EIN
362826768
IRS 990-PF coverage
2024–2024
Forms available
Form 990 2023, Form 990-PF 2024
Location
Chicago, IL, USA
Phone
6305728228
Rating
63
Verdict
SUPPORTED
Rating confidence
Standard
Sector
Alcohol, Drug Abuse, Treatment Only

Reported finances

Revenue
$5,070,394
Expenses
$1,188,917

Source: IRS Form 990-PF. Selected filing: tax year 2024. Amounts in USD.

Overview

Mission

Alcohol, Drug Abuse, Treatment Only

What it reported funding in 2024

The foundation reported 12 grants totaling $171,353. The stated grant purposes included to provide free programs during after-school and unsupervised hours where students can develop mentally, physically, emotionally, and spiritually in a safe environment., support vulnerable youth in vocational and mental health services., and a unique collaboration brings child protection, law enforcement, and healing services together under one roof to respond to, treat, and ultimately prevent child abuse., plus 9 other reported purposes.

Operating model

Revenue model
Investment-supported. 100% of the foundation's positive operating resources came from recurring investment income.
Distribution model
Hybrid. The foundation combined direct charitable work with grants to other organizations or people.
  • Includes asset-sale income: Asset-sale income is shown separately from recurring resources when classifying the revenue model.

The verdict

SUPPORTED - The filing identifies who received its grants and the filed numbers largely add up. A relatively small share of available resources goes to charitable grants and a relatively small share of spending goes to grants.

Rating breakdown

  • Grant Deployment: 37
  • Cost Efficiency: 14
  • Transparency: 100
  • Compliance: 98
  • Endowment Health: 97

Detailed rating inputs

Grant Deployment

  • Grant deployment ratio: 37%; rating input score 37; 4th percentile among comparable filings

Cost Efficiency

  • Grant expense ratio: 14.4%; rating input score 14; 8th percentile among comparable filings

Transparency

  • Grant recipient disclosure: Yes; rating input score 100

Compliance

  • Part VII-B activity disclosures: 18 of 19 controls in place; rating input score 95
    • Property sale or exchange with a disqualified person: Pass
    • Borrowing from or lending to a disqualified person: Pass
    • Goods, services, or facilities involving a disqualified person: Pass
    • Compensation paid to a disqualified person: Fail
    • Assets transferred to a disqualified person: Pass
    • Payment to a government official: Pass
    • Uncorrected prior self-dealing: Pass
    • Prior-year undistributed income: Pass
    • Excess business holdings: Pass
    • Investments that may jeopardize charitable purposes: Pass
    • Uncorrected prior-year jeopardizing investments: Pass
    • Attempt to influence legislation: Pass
    • Attempt to influence an election: Pass
    • Grants to individuals: Pass
    • Grants to organizations: Pass
    • Spending for a noncharitable purpose: Pass
    • Funds received for a personal-benefit contract: Pass
    • Premiums paid on a personal-benefit contract: Pass
    • Prohibited tax-shelter transaction: Pass
  • Filing consistency checks: 10; rating input score 100

Endowment Health

  • Endowment-health comparison: 209.62; rating input score 97; 97th percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Grants: 100% of grant recipient detail disclosed
  • Payout: 37% grant deployment rate
  • Trustees: Filed trustees detail
  • Self-dealing: 100% of reviewed questions answered “No”
  • Investments: 97th percentile for endowment coverage
  • Consistency: 10 of 10 current checks pass
  • Contacts: How to reach this organization
  • Money network: 30 filed money-flow records
  • Related organizations: 5 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Grant Deployment: Grant deployment ratio scored 37/100.
  • High — Cost Efficiency: Grant expense ratio scored 14/100.
  • Review — Compliance: Part VII-B activity disclosures: Compensation paid to a disqualified person not reported.