George Phippen Memorial Foundation

Analysis

George Phippen Memorial Foundation is a registered charity in United States, based in Prescott, AZ. It received its IRS tax-exemption ruling in November 1976, 50 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, George Phippen Memorial Foundation reported income of $933k and spending of $892k, spending 96% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $579k to $933k (+61%), an average of +17% a year. The sharpest change came in the year to December 2021, when income rose by 93%. Over the whole period it spent 82% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, George Phippen Memorial Foundation sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 75th percentile within AZ. Charities of a similar size with the same main cause include Hookuaaina ($933k), Play Production Company Inc ($933k) and Tennessee Shakespeare Company ($933k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 26% and program service revenue 25% of the total. Compensation of current officers, directors and key employees was $60k (6.8% of expenses). Other salaries and wages came to $219k. At year end it held assets of $7.2m against liabilities of $51k, net assets of $7.1m. It reported 6 employees.