Phalanx Family Services

Analysis

Phalanx Family Services is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in July 2002, 24 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Phalanx Family Services reported income of $15.8m and spending of $15.1m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.6m to $15.8m (+245%), an average of +36% a year. The sharpest change came in the year to June 2021, when income rose by 64%. Over the whole period it spent 93% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Phalanx Family Services sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within IL. Charities of a similar size with the same main cause include North-Central West Virginia Community Action Association Inc ($15.8m), Walnut Street Center Inc ($15.8m) and Housing Works Thrift Shop Inc ($15.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $127k (0.8% of expenses). Other salaries and wages came to $5.3m. At year end it held assets of $6.5m against liabilities of $2.1m, net assets of $4.4m. It reported 785 employees.