L E Phillips Career Development Center Inc

Analysis

L E Phillips Career Development Center Inc is a registered charity in United States, based in Eau Claire, WI. It received its IRS tax-exemption ruling in April 1961, 65 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 December 2023, L E Phillips Career Development Center Inc reported income of $3.9m and spending of $3.5m, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.9m to $3.9m (+34%), an average of +7.5% a year. The sharpest change came in the year to December 2021, when income rose by 33%. Over the whole period it spent 92% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, L E Phillips Career Development Center Inc sits at the 91st percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within WI. Charities of a similar size with the same main cause include Information Technology Senior Management Forum Inc ($3.9m), SRS Community Reuse Organization ($3.9m) and Enterprise Center Inc ($3.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 21% and program service revenue 59% of the total. Compensation of current officers, directors and key employees was $188k (5.4% of expenses). At year end it held assets of $5.6m against liabilities of $309k, net assets of $5.3m. It reported 348 employees.