Bum Phillips Charities

Analysis

Bum Phillips Charities is a registered charity in United States, based in Goliad, TX. It received its IRS tax-exemption ruling in July 2011, 15 years ago. 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 December 2022, Bum Phillips Charities reported income of $214k and spending of $252k, spending 118% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income grew from $81k to $214k (+163%), an average of +38% a year. The sharpest change came in the year to December 2021, when income rose by 819%. Over the whole period it spent 144% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Bum Phillips Charities sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 59th percentile within TX. Charities of a similar size with the same main cause include The Kosciusko Athletic Booster Club Inc ($214k), Life Work Direction Inc ($214k) and The Enloe Band Boosters Club ($214k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 95% of the total. At year end it held assets of $559k against liabilities of $0, net assets of $559k.

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.