Phillips-Strickland Charities

Analysis

Phillips-Strickland Charities is a registered charity in United States, based in Bangor, ME. It received its IRS tax-exemption ruling in February 2001, 25 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Phillips-Strickland Charities reported income of $246k and spending of $503k, spending 204% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $468k to $246k (-47%), an average of -15% a year. The sharpest change came in the year to December 2021, when income rose by 91%. Over the whole period it spent 83% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Phillips-Strickland Charities sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 51st percentile within ME. Charities of a similar size with the same main cause include Jakt Foundation Inc ($246k), Jewish Family Service Foundation Inc ($246k) and American Friends of Tffat Inc ($246k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 19% of the total. At year end it held assets of $4.6m against liabilities of $0, net assets of $4.6m.