Phillips Graduate University

Analysis

Phillips Graduate University is a registered charity in United States, based in Seaside, CA. It received its IRS tax-exemption ruling in September 1981, 45 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 2024, Phillips Graduate University reported income of $275k and spending of $194k, leaving 29% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income fell from $4.0m to $275k (-93%), an average of -42% a year. The sharpest change came in the year to June 2023, when income rose by 125%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Phillips Graduate University sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 62nd percentile within CA. Charities of a similar size with the same main cause include Kindred High School Booster Club ($275k), Love 4 One Another Charities ($275k) and North Dakota Delta Upsilon Education Foundation Inc ($275k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 100% of the total. At year end it held assets of $142k against liabilities of $0, net assets of $142k.