Phelps Connections for Seniors Inc

Analysis

Phelps Connections for Seniors Inc is a registered charity in United States, based in Rolla, MO. It received its IRS tax-exemption ruling in February 2021, 5 years ago. Its declared purposes cover food, agriculture and nutrition, 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 June 2024, Phelps Connections for Seniors Inc reported income of $744k and spending of $90k, leaving 88% of income unspent that year. Across the 3 years on record, from June 2022 to June 2024, income grew from $517k to $744k (+44%), an average of +20% a year. The sharpest change came in the year to June 2024, when income rose by 51%. Over the whole period it spent 7.1% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Phelps Connections for Seniors 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 76th percentile, and in the 73rd percentile within MO. Charities of a similar size with the same main cause include Interfaith Caregivers of Washington County Inc ($743k), Grace Jones Community Center Inc ($744k) and Living Waters Retreat Ministry Inc ($743k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 106% and program service revenue 2.5% of the total. Other salaries and wages came to $14k. At year end it held assets of $1.7m against liabilities of $960, net assets of $1.7m.