Phoebe Foundation Inc

Analysis

Phoebe Foundation Inc is a registered charity in United States, based in Albany, GA. It received its IRS tax-exemption ruling in September 1989, 37 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2023, Phoebe Foundation Inc reported income of $4.5m and spending of $1.7m, leaving 63% of income unspent that year. Across the 5 years on record, from July 2019 to July 2023, income grew from $3.8m to $4.5m (+17%), an average of +4.1% a year. The sharpest change came in the year to July 2020, when income rose by 83%. Over the whole period it spent 75% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Phoebe Foundation Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 93rd percentile within GA. Charities of a similar size with the same main cause include Authoracare Foundation ($4.5m), St Marys Health System ($4.5m) and Make-A-Wish Foundation of Hawaii Inc ($4.5m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 78% of the total. Compensation of current officers, directors and key employees was $174k (10% of expenses). Other salaries and wages came to $456k. It paid $122k in professional fundraising fees. At year end it held assets of $22.8m against liabilities of $55k, net assets of $22.8m.