Phased in

Analysis

Phased in is a registered charity in United States, based in Wichita Falls, TX. It received its IRS tax-exemption ruling in September 2014, 12 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Phased in reported income of $363k and spending of $433k, spending 120% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income grew from $309k to $363k (+17%), an average of +5.4% a year. The sharpest change came in the year to December 2022, when income rose by 262%. Over the whole period it spent 78% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Phased in sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 70th percentile within TX. Charities of a similar size with the same main cause include Cooperative Services Inc ($363k), Beds 4 Kids ($363k) and HFL Vanowen Apartments ($362k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 81% of the total. Compensation of current officers, directors and key employees was $60k (14% of expenses). Other salaries and wages came to $114k. At year end it held assets of $1.5m against liabilities of $679k, net assets of $860k. It reported 5 employees.