Harvey Phillips Foundation Inc

Analysis

Harvey Phillips Foundation Inc is a registered charity in United States, based in Bloomington, IN. It received its IRS tax-exemption ruling in April 1978, 48 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 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, Harvey Phillips Foundation Inc reported income of $228k and spending of $269k, spending 118% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $251k to $228k (-9.0%), an average of -3.1% a year. The sharpest change came in the year to June 2022, when income rose by 912%. Over the whole period it spent 151% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Harvey Phillips Foundation Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 56th percentile within IN. Charities of a similar size with the same main cause include Frontier Health Foundation ($228k), Community 2000 Education Foundation ($228k) and Jain Alert Charitable USA Inc ($228k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $417k against liabilities of $18k, net assets of $399k. It reported 2 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.