Phillis Wheatley Association

Analysis

Phillis Wheatley Association is a registered charity in United States, based in Greenville, SC. It received its IRS tax-exemption ruling in December 1957, 69 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Phillis Wheatley Association reported income of $713k and spending of $593k, spending 83% of its income. Across the 6 years on record, from December 2017 to December 2023, income grew from $119k to $713k (+501%), an average of +43% a year. The sharpest change came in the year to December 2020, when income rose by 253%. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Phillis Wheatley Association sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 79th percentile within SC. Charities of a similar size with the same main cause include Solutions in Hometown Connections Corp ($713k), The Little School - Tiburon ($713k) and Hope Learning Center ($713k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 69% of the total. Compensation of current officers, directors and key employees was $74k (13% of expenses). Other salaries and wages came to $98k. At year end it held assets of $3.5m against liabilities of $34k, net assets of $3.4m. It reported 6 employees.