East Phillips Neighborhood Institute

Analysis

East Phillips Neighborhood Institute is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in April 2023, 3 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, East Phillips Neighborhood Institute reported income of $487k and spending of $231k, leaving 53% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $110k to $487k (+343%), an average of +110% a year. The sharpest change came in the year to December 2023, when income rose by 683%. Over the whole period it spent 62% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, East Phillips Neighborhood Institute sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 69th percentile within MN. Charities of a similar size with the same main cause include Porters Group Inc ($487k), Keys Childrens Foundation Inc ($487k) and Beyond Limits Inc ($487k).

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 $256k against liabilities of $0, net assets of $256k.