Phillips Fundamental Learning Center Inc

Analysis

Phillips Fundamental Learning Center Inc is a registered charity in United States, based in Wichita, KS. It received its IRS tax-exemption ruling in April 2000, 26 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2023, Phillips Fundamental Learning Center Inc reported income of $15.0m and spending of $1.8m, leaving 88% of income unspent that year. Across the 5 years on record, from December 2019 to June 2023, income grew from $1.6m to $15.0m (+848%), an average of +76% a year. The sharpest change came in the year to June 2023, when income rose by 456%. Over the whole period it spent 33% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Phillips Fundamental Learning Center Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within KS. Charities of a similar size with the same main cause include Diagnostic Services of Kansas State Inc ($15.0m), Day School ($15.0m) and Cornerstone Charter Academy ($15.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% and program service revenue 4.9% of the total. Other salaries and wages came to $925k. At year end it held assets of $17.5m against liabilities of $2.0m, net assets of $15.5m. It reported 24 employees.