Phillips West Neighborhood Organization

Analysis

Phillips West Neighborhood Organization is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in April 2004, 22 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Phillips West Neighborhood Organization reported income of $93k and spending of $92k, spending 99% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $151k to $93k (-38%), an average of -38% a year. The sharpest change came in the year to December 2023, when income dropped by 38%. Over the whole period it spent 100% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Phillips West Neighborhood Organization sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 32nd percentile within MN. Charities of a similar size with the same main cause include Rochester Police Foundation Inc ($93k), Live Oak Classical Foundation ($93k) and Community Life Enrichment Foundation ($93k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 2.9% of the total. At year end it held assets of $59k against liabilities of $10k, net assets of $49k.