Phil Waldrep Evangelistic Association

Analysis

Phil Waldrep Evangelistic Association is a registered charity in United States, based in Decatur, AL. It received its IRS tax-exemption ruling in April 1980, 46 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Phil Waldrep Evangelistic Association reported income of $12.1m and spending of $9.4m, leaving 22% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $9.4m to $12.1m (+29%), an average of +6.6% a year. The sharpest change came in the year to December 2021, when income rose by 122%. Over the whole period it spent 88% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Phil Waldrep Evangelistic Association sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 98th percentile within AL. Charities of a similar size with the same main cause include Elam Ministries Inc ($12.1m), Zaka North Inc ($12.2m) and Precept Ministries of Reach Out Inc ($11.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 12% and program service revenue 76% of the total. Other salaries and wages came to $1.1m. At year end it held assets of $10.2m against liabilities of $2.6m, net assets of $7.6m. It reported 17 employees.