Phoebe Services Inc

Analysis

Phoebe Services Inc is a registered charity in United States, based in Allentown, PA. It received its IRS tax-exemption ruling in May 1990, 36 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Phoebe Services Inc reported income of $37.1m and spending of $40.2m, spending 108% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $39.0m to $37.1m (-4.8%), an average of -1.2% a year. The sharpest change came in the year to June 2021, when income dropped by 20%. Over the whole period it spent 108% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Phoebe Services Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within PA. Charities of a similar size with the same main cause include Unified Housing Foundation Inc ($36.8m), Civic San Diego ($37.8m) and Trivium Life Services ($36.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.0% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $2.2m (5.5% of expenses). Other salaries and wages came to $10.1m. At year end it held assets of $12.5m against liabilities of $43.4m, net assets of -$30.9m. It reported 282 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.