Phe Be Foundation

Analysis

Phe Be Foundation is a registered charity in United States, based in Beachwood, OH. It received its IRS tax-exemption ruling in June 2003, 23 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Phe Be Foundation reported income of $308k and spending of $200k, leaving 35% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $150k to $308k (+105%), an average of +43% a year. The sharpest change came in the year to December 2023, when income rose by 63%. Over the whole period it spent 70% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Phe Be Foundation sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 62nd percentile within OH. Charities of a similar size with the same main cause include World Community Impact Incorporated ($308k), Learning on the Log LLC ($308k) and Quakerdale ($308k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $66k (33% of expenses). At year end it held assets of $223k against liabilities of $33k, net assets of $190k. It reported 1 employees.