Phillips Mill Community Association

Analysis

Phillips Mill Community Association is a registered charity in United States, based in New Hope, PA. It received its IRS tax-exemption ruling in September 1997, 29 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Phillips Mill Community Association reported income of $239k and spending of $179k, leaving 25% of income unspent that year. Across the 3 years on record, from June 2022 to June 2024, income grew from $98k to $239k (+144%), an average of +56% a year. The sharpest change came in the year to June 2024, when income rose by 58%. Over the whole period it spent 87% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Phillips Mill Community Association sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 55th percentile within PA. Charities of a similar size with the same main cause include New Perspectives Media Assocation ($239k), Green River Valley Museum Inc ($239k) and Off-Central Players Inc ($239k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 44% and program service revenue 43% of the total. At year end it held assets of $610k against liabilities of $4,853, net assets of $605k.