Phantoms Charities

Analysis

Phantoms Charities is a registered charity in United States, based in Allentown, PA. It received its IRS tax-exemption ruling in September 2014, 12 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 June 2023, Phantoms Charities reported income of $160k and spending of $144k, spending 90% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $145k to $160k (+10%), an average of +2.4% a year. The sharpest change came in the year to June 2022, when income rose by 78%. Over the whole period it spent 120% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Phantoms Charities sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 46th percentile within PA. Charities of a similar size with the same main cause include Herkimer Next Inc ($160k), Fuquay Varina Downtown Association ($160k) and Toledo Bar Association Foundation ($159k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 42% of the total. Other salaries and wages came to $53k. At year end it held assets of $200k against liabilities of $3,933, net assets of $196k. It reported 1 employees.