Phil Royal Legacyinc

Analysis

Phil Royal Legacyinc is a registered charity in United States, based in Inverness, FL. It received its IRS tax-exemption ruling in April 2017, 9 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 December 2022, Phil Royal Legacyinc reported income of $180k and spending of $376k, spending 209% of what it took in. Across the 2 years on record, from December 2021 to December 2022, income grew from $143k to $180k (+26%), an average of +26% a year. The sharpest change came in the year to December 2022, when income rose by 26%. Over the whole period it spent 154% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Phil Royal Legacyinc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 55th percentile within FL. Charities of a similar size with the same main cause include Ohr Zahava ($180k), Marching Bears Inc ($180k) and Shifting Gears USA ($180k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of $159k against liabilities of $227k, net assets of -$68k.