Phame Academy

Analysis

Phame Academy is a registered charity in United States, based in Portland, OR. It received its IRS tax-exemption ruling in May 1993, 33 years ago. 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 2023, Phame Academy reported income of $2.0m and spending of $809k, leaving 59% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $581k to $2.0m (+240%), an average of +36% a year. The sharpest change came in the year to June 2023, when income rose by 132%. Over the whole period it spent 66% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Phame Academy sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within OR. Charities of a similar size with the same main cause include Gretna Elite Academy ($2.0m), West Central Community Development Organization ($2.0m) and Ronald McDonald House Charities of Indiana-Michiana Inc ($2.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 92% and program service revenue 7.0% of the total. Compensation of current officers, directors and key employees was $90k (11% of expenses). Other salaries and wages came to $415k. It paid $16k in professional fundraising fees. At year end it held assets of $1.9m against liabilities of $51k, net assets of $1.8m. It reported 27 employees.