Phillips County Retirement Corporation

Analysis

Phillips County Retirement Corporation is a registered charity in United States, based in Phillipsburg, KS. It received its IRS tax-exemption ruling in June 1992, 34 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Phillips County Retirement Corporation reported income of $3.6m and spending of $3.2m, spending 90% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $3.2m to $3.6m (+13%), an average of +2.4% a year. The sharpest change came in the year to December 2020, when income rose by 19%. Over the whole period it spent 92% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Phillips County Retirement Corporation sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within KS. Charities of a similar size with the same main cause include Buffalo Prenatal-Perinatal Network Inc ($3.6m), Woodley House Inc ($3.6m) and United Cerebral Palsy of Greater New Orleans Inc ($3.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 8.2% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $218k (6.7% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $5.4m against liabilities of $1.7m, net assets of $3.6m. It reported 67 employees.