Phelps School

Analysis

Phelps School is a registered charity in United States, based in Malvern, PA. It received its IRS tax-exemption ruling in August 1948, 78 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Phelps School reported income of $3.8m and spending of $3.6m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $4.3m to $3.8m (-13%), an average of -3.4% a year. The sharpest change came in the year to June 2020, when income dropped by 16%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Phelps School 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 PA. Charities of a similar size with the same main cause include Sisulu Childrens Academy-Harlem Charter Public School ($3.8m), Virginia Highlands Community College Educational Foundation Inc ($3.8m) and Sephardic Academy of Manhattan ($3.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 28% and program service revenue 64% of the total. Other salaries and wages came to $1.8m. At year end it held assets of $14.7m against liabilities of $6.5m, net assets of $8.2m. It reported 46 employees.