Phase 3 Training Corporation

Analysis

Phase 3 Training Corporation is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in August 2021, 5 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Phase 3 Training Corporation reported income of $563k and spending of $563k, spending 100% of its income. Across the 2 years on record, from June 2023 to June 2024, income grew from $68k to $563k (+733%), an average of +733% a year. The sharpest change came in the year to June 2024, when income rose by 733%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Phase 3 Training Corporation sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 71st percentile within MD. Charities of a similar size with the same main cause include Mountain Pathways School Inc ($563k), Willamette Valley Academy ($563k) and Cannon Beach Academy ($562k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $417k (74% of expenses). At year end it held assets of $0 against liabilities of $0, net assets of $0.