Phalen Leadership Academies Indiana

Analysis

Phalen Leadership Academies Indiana is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in September 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Phalen Leadership Academies Indiana reported income of $46.4m and spending of $47.1m, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $17.9m to $46.4m (+159%), an average of +27% a year. The sharpest change came in the year to June 2021, when income rose by 51%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Phalen Leadership Academies Indiana sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within IN. Charities of a similar size with the same main cause include Child Parent Centers Inc ($46.4m), Greens Farms Academy Inc ($46.4m) and Youth Guidance ($46.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 72% and program service revenue 24% of the total. Compensation of current officers, directors and key employees was $294k (0.6% of expenses). Other salaries and wages came to $18.8m. At year end it held assets of $29.8m against liabilities of $18.1m, net assets of $11.8m. It reported 451 employees.