Philippians Place

Analysis

Philippians Place is a registered charity in United States, based in Jacksonville, NC. It received its IRS tax-exemption ruling in November 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 June 2024, Philippians Place reported income of $192k and spending of $230k, spending 120% of what it took in. Across the 2 years on record, from June 2023 to June 2024, income fell from $225k to $192k (-15%), an average of -15% a year. Over the whole period it spent 101% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Philippians Place sits at the 37th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 51st percentile within NC. Charities of a similar size with the same main cause include Homes for the Exceptional IV Inc ($192k), Bay Aging Apartments Westmoreland Inc ($192k) and Noble Senior Housing Inc ($191k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 41% of the total. Other salaries and wages came to $105k. At year end it held assets of $24k against liabilities of $1,597, net assets of $23k. It reported 17 employees.