New Phoebe House Association

Analysis

New Phoebe House Association is a registered charity in United States, based in Tacoma, WA. It received its IRS tax-exemption ruling in February 2003, 23 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, New Phoebe House Association reported income of $651k and spending of $685k, spending 105% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.1m to $651k (-40%), an average of -12% a year. The sharpest change came in the year to December 2023, when income dropped by 22%. Over the whole period it spent 96% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, New Phoebe House 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 74th percentile, and in the 73rd percentile within WA. Charities of a similar size with the same main cause include Woodlawn Senior Housing Inc ($651k), A Bridge to Opportunity Inc ($652k) and Lynn Housing Authority Development Group Inc ($650k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 80% and program service revenue 7.1% of the total. Compensation of current officers, directors and key employees was $131k (19% of expenses). Other salaries and wages came to $285k. It paid $1,750 in professional fundraising fees. At year end it held assets of $760k against liabilities of $362k, net assets of $398k. It reported 10 employees.