Phi Mu Foundation

Analysis

Phi Mu Foundation is a registered charity in United States, based in Peachtree Cty, GA. It received its IRS tax-exemption ruling in October 1959, 67 years ago. 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 June 2024, Phi Mu Foundation reported income of $1.6m and spending of $1.5m, spending 95% of its income. Across the 5 years on record, from June 2020 to June 2024, income fell from $1.9m to $1.6m (-16%), an average of -4.2% a year. The sharpest change came in the year to June 2021, when income rose by 69%. 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, Phi Mu Foundation sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 87th percentile within GA. Charities of a similar size with the same main cause include Masonic Brotherhood Foundation Inc ($1.6m), Foundations in Faith Inc ($1.6m) and Central Manor Apartments Inc ($1.6m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 94% of the total. Compensation of current officers, directors and key employees was $137k (8.9% of expenses). Other salaries and wages came to $429k. At year end it held assets of $12.9m against liabilities of $123k, net assets of $12.8m. It reported 11 employees.