Phyllis Wheatley Community Center Inc

Analysis

Phyllis Wheatley Community Center Inc is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in August 1945, 81 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 December 2023, Phyllis Wheatley Community Center Inc reported income of $2.8m and spending of $3.2m, spending 113% of what it took in. Across the 5 years on record, from December 2018 to December 2023, income grew from $1.3m to $2.8m (+121%), an average of +22% a year. The sharpest change came in the year to December 2020, when income rose by 74%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Phyllis Wheatley Community Center Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within MN. Charities of a similar size with the same main cause include F I R S T ($2.8m), Meals on Wheels Inc ($2.8m) and Open Doors Solutions Inc ($2.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 42% and program service revenue 57% of the total. Compensation of current officers, directors and key employees was $123k (3.9% of expenses). Other salaries and wages came to $1.3m. It paid $52k in professional fundraising fees. At year end it held assets of $3.7m against liabilities of $673k, net assets of $3.0m. It reported 32 employees.