Phillips Brook House Association Incorporated

Analysis

Phillips Brook House Association Incorporated is a registered charity in United States, based in Cambridge, MA. It received its IRS tax-exemption ruling in November 1954, 72 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending January 2024, Phillips Brook House Association Incorporated reported income of $3.6m and spending of $4.4m, spending 123% of what it took in. Across the 5 years on record, from January 2020 to January 2024, income grew from $3.2m to $3.6m (+11%), an average of +2.6% a year. The sharpest change came in the year to January 2022, when income rose by 38%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Phillips Brook House Association Incorporated sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 89th percentile within MA. Charities of a similar size with the same main cause include Graduate Medical Education Inc ($3.6m), New Key School Inc ($3.6m) and Hilltop Child Development Center Inc ($3.6m).

On its Form 990 for the period ending January 2024, revenue came from contributions and grants 64% and program service revenue 0.9% of the total. Compensation of current officers, directors and key employees was $177k (4.0% of expenses). Other salaries and wages came to $921k. At year end it held assets of $8.4m against liabilities of $407k, net assets of $8.0m.