The Philanthropists Charity

Belle Harbor, NY
Tax-exempt since Aug. 2008
EIN: 26-1302901

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Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Philanthropy, Voluntarism and Grantmaking Foundations / Private Grantmaking Foundations (NTEE)

Donations to this organization are tax deductible.

Revenue

$4.07M (2024)

Expenses

$13.7M (2024)

Total Assets

$178M (2024)

Total Liabilities

$33.4M (2024)

Years with missing data

Source: Form 990 tax filings from 2009 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2024

Revenue

$4,073,133

Expenses

$13,664,601

Net Income

-$9,591,468

Net Assets

$144,593,961

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$125,000	3.1%
Interest Revenue	$227,762	5.6%
Dividends	$3,558,355	87.4%
Sales of Assets	-$62,245
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$12,905,319	94.4%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$177,967,920
Total Liabilities	$33,373,959
Net Assets	$144,593,961

Compensation

Key Employees and Officers	Compensation	Other
Michael Konig (Trustee)	$0	$0
Tammy Lifshutz (Trustee)	$0	$0

990-PF

Filed on Nov. 18, 2025

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2023

Revenue

$22,992,182

Expenses

$9,682,495

Net Income

$13,309,687

Net Assets

$154,185,429

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$6,711,206	29.2%
Interest Revenue	$9,762,167	42.5%
Dividends	$1,321,444	5.7%
Sales of Assets	$4,739,376	20.6%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$8,265,173	85.4%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$187,559,389
Total Liabilities	$33,373,960
Net Assets	$154,185,429

Compensation

Key Employees and Officers	Compensation	Other
Michael Konig (Trustee)	$0	$0
Tammy Lifshutz (Trustee)	$0	$0

990-PF

Filed on Nov. 15, 2024

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2022

Revenue

$22,347,601

Expenses

$10,217,726

Net Income

$12,129,875

Net Assets

$140,875,742

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$12,466,666	55.8%
Interest Revenue	$2,007,807	9.0%
Dividends	$609,094	2.7%
Sales of Assets	$6,166,505	27.6%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$8,000,000	78.3%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$174,249,702
Total Liabilities	$33,373,960
Net Assets	$140,875,742

Compensation

Key Employees and Officers	Compensation	Other
Michael Konig (Trustee)	$0	$0
Tammy Lifshutz (Trustee)	$0	$0

990-PF

Filed on Nov. 17, 2023

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2021

Revenue

$23,222,613

Expenses

$9,567,961

Net Income

$13,654,652

Net Assets

$128,745,867

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$12,251,500	52.8%
Interest Revenue	$9,762,224	42.0%
Dividends	$796,380	3.4%
Sales of Assets	-$170,096
Other Income	$88,724	0.4%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$8,000,000	83.6%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$161,985,826
Total Liabilities	$33,239,959
Net Assets	$128,745,867

Compensation

Key Employees and Officers	Compensation	Other
Michael Konig (Trustee)	$0	$0
Tammy Lifshutz (Trustee)	$0	$0

990-PF

Filed on Nov. 16, 2022

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2020

Revenue

$4,186,287

Expenses

$8,038,074

Net Income

-$3,851,787

Net Assets

$115,091,215

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$1,946,525	46.5%
Interest Revenue	$1,194,825	28.5%
Dividends	$499,164	11.9%
Sales of Assets	$36,657	0.9%
Other Income	$150,267	3.6%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$6,795,000	84.5%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$148,331,174
Total Liabilities	$33,239,959
Net Assets	$115,091,215

Compensation

Key Employees and Officers	Compensation	Other
Michael Konig (Trustee)	$0	$0
Tammy Lifshutz (Trustee)	$0	$0

990-PF

Filed on Feb. 16, 2022

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2019

Revenue

$14,434,110

Expenses

$1,043,341

Net Income

$13,390,769

Net Assets

$118,943,002

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$11,182,782	77.5%
Dividends	$560,661	3.9%
Sales of Assets	$2,054,385	14.2%
Other Income	$157,899	1.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$0
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$151,997,042
Total Liabilities	$33,054,040
Net Assets	$118,943,002

Compensation

Key Employees and Officers	Compensation	Other
Michael Konig (Trustee)	$0	$0
Tammy Lifshutz (Trustee)	$0	$0

990-PF

Filed on Nov. 30, 2020

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2018

Revenue

$7,304,766

Expenses

$6,515,220

Net Income

$789,546

Net Assets

$105,552,233

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$900,000	12.3%
Interest Revenue	$5,245,501	71.8%
Dividends	$237,979	3.3%
Sales of Assets	$772,927	10.6%
Other Income	-$401,291

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$5,050,000	77.5%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$138,606,273
Total Liabilities	$33,054,040
Net Assets	$105,552,233

Compensation

Key Employees and Officers	Compensation	Other
Michael Konig (Trustee)	$0	$0
Tammy Lifshutz (Trustee)	$0	$0

990-PF

Filed on Nov. 25, 2019

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2017

Revenue

$5,833,179

Expenses

$9,682,259

Net Income

-$3,849,080

Net Assets

$104,762,687

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$4,327,769	74.2%
Dividends	$0
Sales of Assets	$0
Other Income	$678,501	11.6%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$8,538,000	88.2%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$138,222,971
Total Liabilities	$33,460,284
Net Assets	$104,762,687

Compensation

Key Employees and Officers	Compensation	Other
Michael Konig (Trustee)	$0	$0
Tammy Lifshutz (Trustee)	$0	$0

990-PF

Filed on Nov. 16, 2018

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2016

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2015

Revenue

$21,619,864

Expenses

$23,321,472

Net Income

-$1,701,608

Net Assets

$109,137,723

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$1,932,389	8.9%
Interest Revenue	$5,213,532	24.1%
Dividends	$0
Sales of Assets	$13,103,165	60.6%
Other Income	$726,772	3.4%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$22,225,000	95.3%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$112,833,315
Total Liabilities	$3,695,592
Net Assets	$109,137,723

Compensation

Key Employees and Officers	Compensation	Other
Michael Konig (Trustee)	$0	$0
Tammy Lifshutz (Trustee)	$0	$0

990-PF

Filed on April 23, 2018

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2014

Revenue

$8,181,079

Expenses

$8,554,188

Net Income

-$373,109

Net Assets

$110,839,331

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$7,115,686	87.0%
Dividends	$0
Sales of Assets	$148,483	1.8%
Other Income	$278,512	3.4%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$7,246,500	84.7%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$128,587,506
Total Liabilities	$17,748,175
Net Assets	$110,839,331

Compensation

Key Employees and Officers	Compensation	Other
Michael Konig (Trustee)	$0	$0
Tammy Lifshutz (Trustee)	$0	$0

990-PF

Filed on Nov. 15, 2017

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2013

Revenue

$11,687,049

Expenses

$7,968,936

Net Income

$3,718,113

Net Assets

$111,212,440

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$640,883	5.5%
Interest Revenue	$9,658,363	82.6%
Dividends	$0
Sales of Assets	$52,283	0.4%
Other Income	$680,670	5.8%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$6,560,000	82.3%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$128,959,965
Total Liabilities	$17,747,525
Net Assets	$111,212,440

Compensation

Key Employees and Officers	Compensation	Other
Michael Konig (Trustee)	$0	$0
Tammy Lifshutz (Trustee)	$0	$0

990-PF

Filed on Nov. 15, 2016

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2012

Revenue

$10,594,572

Expenses

$7,204,422

Net Income

$3,390,150

Net Assets

$107,494,325

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$7,737,871	73.0%
Interest Revenue	$2,611,343	24.6%
Dividends	$0
Sales of Assets	$26,565	0.3%
Other Income	-$205,070

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$6,172,000	85.7%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$123,291,800
Total Liabilities	$15,797,475
Net Assets	$107,494,325

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2010

Revenue

$25,805,270

Expenses

$410,750

Net Income

$25,394,520

Net Assets

$80,364,846

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$8,065,187	31.3%
Interest Revenue	$1,845,328	7.2%
Dividends	$0
Sales of Assets	$0
Other Income	$15,561,804	60.3%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$196,000	47.7%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$80,494,371
Total Liabilities	$129,525
Net Assets	$80,364,846

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2009

Revenue

$30,831,562

Expenses

Net Income

$30,831,562

Net Assets

$54,970,326

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$29,183,200	94.7%
Interest Revenue	$1,531,705	5.0%
Dividends	$0
Sales of Assets	$0
Other Income	$116,657	0.4%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$0
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$55,472,351
Total Liabilities	$502,025
Net Assets	$54,970,326

The IRS has provided extracted financial data for this filing, but has not yet released the source documents.

Fiscal Year Ending Dec.
2007

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

About This Data

What Is This Data?

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

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Updated January 26, 2026

The Philanthropists Charity

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $4.07M (2024)

Expenses $13.7M (2024)

Total Assets $178M (2024)

Total Liabilities $33.4M (2024)

Tax Filings by Year

Fiscal Year Ending Dec. 2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2016

No Extracted Financial Data

Document Links

990-PF

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2012

Revenue

$4.07M (2024)

Expenses

$13.7M (2024)

Total Assets

$178M (2024)

Total Liabilities

$33.4M (2024)

Fiscal Year Ending Dec.
2024

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2007