Phelps Association

Analysis

Phelps Association is a registered charity in United States, based in New Haven, CT. It received its IRS tax-exemption ruling in July 1938, 88 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 June 2023, Phelps Association reported income of $137k and spending of $507k, spending 372% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $398k to $137k (-66%), an average of -24% a year. The sharpest change came in the year to June 2021, when income rose by 93%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Phelps Association sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 42nd percentile within CT. Charities of a similar size with the same main cause include Anc Scholarship Foundation ($137k), Little Miami Local School District Elementary Parent Teacher Org ($137k) and Central Iowa Cement Mason Apprenticeship and Training Trust ($137k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 51% of the total. Other salaries and wages came to $84k. At year end it held assets of $9.3m against liabilities of $13k, net assets of $9.3m. It reported 5 employees.