Phillips Programs

Analysis

Phillips Programs is a registered charity in United States, based in Annandale, VA. It received its IRS tax-exemption ruling in October 1967, 59 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2024, Phillips Programs reported income of $25.8m and spending of $25.3m, spending 98% of its income. Across the 5 years on record, from August 2020 to August 2024, income grew from $23.0m to $25.8m (+12%), an average of +2.8% a year. The sharpest change came in the year to August 2021, when income rose by 17%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Phillips Programs sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within VA. Charities of a similar size with the same main cause include Mundo Verde Bilingual Public Charter School ($25.7m), Executive Education Academy Charter School ($25.8m) and Aacsb International the Association to Advance Collegiate Schools of ($25.7m).

On its Form 990 for the period ending August 2024, revenue came from contributions and grants 2.3% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $727k (2.9% of expenses). Other salaries and wages came to $15.8m. At year end it held assets of $26.5m against liabilities of $2.3m, net assets of $24.2m. It reported 314 employees.