Phi Group Return

Analysis

Phi Group Return is a registered charity in United States, based in Dillsburg, PA. It received its IRS tax-exemption ruling in May 1991, 35 years ago. 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, Phi Group Return reported income of $241.9m and spending of $237.3m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $241.0m to $241.9m (+0.4%), an average of +0.1% a year. The sharpest change came in the year to December 2022, when income dropped by 16%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Phi Group Return sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within PA. Charities of a similar size with the same main cause include Community Strategies Inc ($240.2m), Calhfa Homeowner Relief Corporation ($243.3m) and Childrens Hospital Los Angeles Medical Group Inc ($238.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.4% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $196k (0.1% of expenses). Other salaries and wages came to $80.0m. It paid $85k in professional fundraising fees. At year end it held assets of $863.4m against liabilities of $633.4m, net assets of $230.0m. It reported 3,314 employees.