Frank Phillips College Development Corporation

Analysis

Frank Phillips College Development Corporation is a registered charity in United States, based in Borger, TX. It received its IRS tax-exemption ruling in August 1981, 45 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Frank Phillips College Development Corporation reported income of $75k and spending of $192k, spending 255% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income grew from $70k to $75k (+7.6%), an average of +1.8% a year. The sharpest change came in the year to August 2020, when income rose by 37%. Over the whole period it spent 124% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Frank Phillips College Development Corporation sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 31st percentile within TX. Charities of a similar size with the same main cause include Parent Booster USA Inc ($75k), Gratis Healthcare Inc ($75k) and Association of Diabetes Care & Education Specialists Foundation ($75k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 59% of the total. At year end it held assets of $2.4m against liabilities of $0, net assets of $2.4m.