Parents of Students of Phillips Academy Incorporated

Analysis

Parents of Students of Phillips Academy Incorporated is a registered charity in United States, based in Andover, MA. It received its IRS tax-exemption ruling in November 2019, 7 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Parents of Students of Phillips Academy Incorporated reported income of $349k and spending of $305k, spending 87% of its income. Across the 5 years on record, from June 2018 to June 2023, income grew from $223k to $349k (+56%), an average of +12% a year. The sharpest change came in the year to June 2022, when income rose by 93%. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Parents of Students of Phillips Academy Incorporated sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 66th percentile within MA. Charities of a similar size with the same main cause include Sanger Education Foundation Inc ($349k), Leon N Weiner Education Foundation ($349k) and Acton Academy Oshkosh Inc ($349k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 3.7% and program service revenue 96% of the total. At year end it held assets of $420k against liabilities of $7,164, net assets of $413k.