The Lenfest Inst for Journalism Spe Asset Fund of the Phl Foundation
1835 Market St Ste 2410, Philadelphia, PA · IRS data through FY2024
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2024 | $26,054,320 | $22,756,190 | $128,255,982 |
| FY2023 | $31,951,841 | $21,808,175 | $120,739,838 |
| FY2022 | $41,516,736 | $21,565,100 | $102,654,577 |
| FY2021 | $14,397,650 | $16,429,153 | $94,753,393 |
| FY2020 | $21,750,954 | $30,909,697 | $91,572,937 |
| FY2019 | $25,125,953 | $28,688,218 | $97,654,999 |
| FY2018 | $51,599,715 | $9,759,033 | $99,698,237 |
| FY2017 | $7,899,693 | $5,467,437 | $60,586,790 |
| FY2016 | $22,615,026 | $1,069,065 | $56,681,408 |
| FY2015 | $34,876,624 | $1,927,111 | $35,135,447 |
| FY2014 | $3,222,796 | $23,767,127 | $1,579,970 |
| FY2013 | $3,641,746 | $2,349,072 | $21,888,452 |
| FY2012 | $14,820,785 | $7,364,530 | $21,553,414 |
| FY2011 | $15,278,773 | $0 | $15,256,000 |
Form 990 filings
The returns filed by The Lenfest Inst for Journalism Spe Asset Fund of the Phl Foundation (EIN 04-3731829), including Form 990 PDFs and e-file data by year, are available in ProPublica's Nonprofit Explorer. The figures on this page come from IRS data files built from those returns.
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $21,531,115 | 83% |
| Program service revenue | $0 | 0% |
| Other revenue | $4,523,205 | 17% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $20,019,632 | 88% |
| Management & general | $1,370,195 | 6% |
| Fundraising | $1,366,363 | 6% |
What the numbers show
- Contributions & grants made up 83% of total revenue in FY2024.
- Program services accounted for 88% of functional expenses, management & general 6%, and fundraising 6%.
- 88% of functional expenses went to program services in FY2024. That is higher than 57.1% of 42 Philanthropy, Voluntarism & Grantmaking Foundations organizations in PA.
- Net assets covered about 67.6 months of expenses at the end of the reporting year. That puts it in the 30th percentile among 2818 Philanthropy, Voluntarism & Grantmaking Foundations organizations in PA.
- Total revenue was higher than 99.1% of 2871 Philanthropy, Voluntarism & Grantmaking Foundations organizations in PA.
- Total revenue rose from $15,278,773 in FY2011 to $26,054,320 in FY2024. Revenue increased in 3 and decreased in 10 of 13 year-over-year comparisons.
- Expenses exceeded revenue in 4 of 14 reported years (FY2014, FY2019, FY2020, FY2021).
- The highest revenue on record here is $51,599,715 in FY2018.
- Net assets grew from $15,256,000 to $128,255,982 between FY2011 and FY2024.
- Contributions and grants made up 100% of revenue in FY2011 and 83% in FY2024.
- Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (supporting organization).
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
SUPPORT THE PHILADELPHIA FOUNDATION BY ENABLING QUALITY LOCAL JOURNALISM IN ITS COMMUNITIES
IRS status
| Ruling year | 2003 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | T12 — Philanthropy, Voluntarism & Grantmaking Foundations (in PA) |
| Donations | Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (supporting organization). |
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Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded November 4, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
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