Project Phil Corp

Analysis

Project Phil Corp is a registered charity in United States, based in Astoria, NY. It received its IRS tax-exemption ruling in September 2017, 9 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Project Phil Corp reported income of $77k and spending of $56k, leaving 26% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income grew from $30k to $77k (+158%), an average of +21% a year. The sharpest change came in the year to December 2021, when income rose by 114%. Over the whole period it spent 85% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Project Phil Corp sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 30th percentile within NY. Charities of a similar size with the same main cause include Treasure Cay Community Foundation Inc ($77k), White Mountain Hospice Foundation ($77k) and Monday Club Foundation Inc ($77k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $0 against liabilities of $0, net assets of $0.