Dr Phillips Inc

Analysis

Dr Phillips Inc is a registered charity in United States, based in Orlando, FL. It received its IRS tax-exemption ruling in February 1998, 28 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a supporting organisation (type iii other) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Dr Phillips Inc reported income of $15.2m and spending of $13.4m, spending 88% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $12.0m to $15.2m (+27%), an average of +6.2% a year. The sharpest change came in the year to August 2021, when income rose by 269%. Over the whole period it spent 65% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Dr Phillips Inc 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 96th percentile, and in the 97th percentile within FL. Charities of a similar size with the same main cause include Amg Charitable Gift Foundation ($15.0m), Century Club of San Diego ($15.2m) and Montana Community Foundation Inc ($15.0m).

Compensation of current officers, directors and key employees was $1.0m (7.8% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $220.2m against liabilities of $3.5m, net assets of $216.7m. It reported 19 employees.