Phase Housing Corporation Inc

Analysis

Phase Housing Corporation Inc is a registered charity in United States, based in Valdosta, GA. It received its IRS tax-exemption ruling in November 2019, 7 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Phase Housing Corporation Inc reported income of $963k and spending of $280k, leaving 71% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income grew from $738k to $963k (+30%), an average of +9.3% a year. The sharpest change came in the year to December 2020, when income rose by 92%. Over the whole period it spent 92% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Phase Housing Corporation Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 82nd percentile within GA. Charities of a similar size with the same main cause include Milltwee Housing Development Fund Company Inc ($962k), Samaritan House Inc ($963k) and Rebuilding Together Thurston County ($962k).

On its Form 990 for the period ending December 2022, revenue came from program service revenue 9.4% of the total. Other salaries and wages came to $12k. At year end it held assets of $524k against liabilities of $7,794, net assets of $516k.