Philips Tower Decatur Inc

Analysis

Philips Tower Decatur Inc is a registered charity in United States, based in Quitman, GA. It received its IRS tax-exemption ruling in May 1976, 50 years ago. 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, Philips Tower Decatur Inc reported income of $3.3m and spending of $2.6m, spending 80% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.7m to $3.3m (+23%), an average of +5.3% a year. Over the whole period it spent 79% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Philips Tower Decatur Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within GA. Charities of a similar size with the same main cause include St Paul Pipefitters Joint Journeymen & Apprentice Training T ($3.3m), Mississippi Rural Water Association Inc ($3.3m) and Mi Casita Day Care Center Inc ($3.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.0% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $68k (2.6% of expenses). Other salaries and wages came to $556k. At year end it held assets of $5.0m against liabilities of $1.4m, net assets of $3.6m. It reported 8 employees.