Phillips Brooks School

Analysis

Phillips Brooks School is a registered charity in United States, based in Menlo Park, CA. It received its IRS tax-exemption ruling in July 1978, 48 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Phillips Brooks School reported income of $15.4m and spending of $16.2m, spending 105% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $12.8m to $15.4m (+21%), an average of +4.8% a year. Over the whole period it spent 102% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Phillips Brooks School sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within CA. Charities of a similar size with the same main cause include DC Public Education Fund ($15.4m), H E L P Group West ($15.4m) and University of South Florida Research Foundation Inc ($15.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 19% and program service revenue 77% of the total. Compensation of current officers, directors and key employees was $1.1m (6.6% of expenses). Other salaries and wages came to $6.6m. At year end it held assets of $82.9m against liabilities of $57.5m, net assets of $25.4m. It reported 71 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.