Philmont Beautification Inc

Analysis

Philmont Beautification Inc is a registered charity in United States, based in Philmont, NY. It received its IRS tax-exemption ruling in December 2010, 16 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Philmont Beautification Inc reported income of $182k and spending of $146k, spending 80% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $122k to $182k (+49%), an average of +11% a year. The sharpest change came in the year to December 2023, when income rose by 62%. Over the whole period it spent 85% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Philmont Beautification Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 49th percentile within NY. Charities of a similar size with the same main cause include Green Deck Inc ($182k), New Entrepreneurs Opportunity Fund ($183k) and International Foundation for Cultural Property Protection ($182k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 3.6% of the total. Compensation of current officers, directors and key employees was $51k (35% of expenses). At year end it held assets of $556k against liabilities of $254k, net assets of $302k.