Phillip WM Fisher Support Foundation

Analysis

Phillip WM Fisher Support Foundation is a registered charity in United States, based in Bloomfield Hills, MI. It received its IRS tax-exemption ruling in November 1984, 42 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2023, Phillip WM Fisher Support Foundation reported income of $393k and spending of $480k, spending 122% of what it took in. Across the 5 years on record, from May 2019 to May 2023, income grew from $313k to $393k (+26%), an average of +5.8% a year. The sharpest change came in the year to May 2020, when income rose by 437%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Phillip WM Fisher Support Foundation sits at the 65th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 66th percentile within MI. Charities of a similar size with the same main cause include Iranian Cultural Society of North Carolina Inc ($393k), Stokes County Arts Council Inc ($393k) and San Antonio Wave ($393k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 102% of the total. At year end it held assets of $701k against liabilities of $0, net assets of $701k.

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.