Phillips University Legacy Foundation

Analysis

Phillips University Legacy Foundation is a registered charity in United States, based in Enid, OK. It received its IRS tax-exemption ruling in November 2000, 26 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Phillips University Legacy Foundation reported income of $686k and spending of $658k, spending 96% of its income. Across the 6 years on record, from June 2019 to June 2024, income fell from $740k to $686k (-7.3%), an average of -1.5% a year. The sharpest change came in the year to June 2021, when income rose by 705%. Over the whole period it spent 49% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Phillips University Legacy Foundation sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 76th percentile within OK. Charities of a similar size with the same main cause include Potsdam Public Library ($686k), Young Leaders Strong City ($686k) and 62nd & 65th Regiments Legacy Foundation Inc ($686k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 58% and program service revenue 0.2% of the total. Compensation of current officers, directors and key employees was $105k (16% of expenses). Other salaries and wages came to $143k. At year end it held assets of $5.3m against liabilities of $6,048, net assets of $5.3m. It reported 5 employees.