Quick charity verification for Phillips Exeter Academy (EIN: 20222174)
Verdict: Phillips Exeter Academy appears trustworthy
90/100Mission Score
$604.7MRevenue
$2.1BAssets
1Red Flags
4Strengths
Red Flags
Unclear executive compensation reporting (0% 'Officer Comp' across all filings for a large institution)
Strengths
Substantial and growing asset base (over $2 billion in recent years)
Consistent ability to cover expenses with revenue, indicating operational stability
Strong financial health with a positive net asset trend over the past decade
Significant financial resources to support its educational mission
Spending Breakdown
How Phillips Exeter Academy allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
5%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Phillips Exeter Academy
Is Phillips Exeter Academy a legitimate charity?
Based on AI analysis of IRS 990 filings, Phillips Exeter Academy (EIN: 20222174) appears trustworthy. Mission Score: 90/100. 1 red flag identified, 4 strengths noted.
Is Phillips Exeter Academy a good charity to donate to?
Phillips Exeter Academy has a Mission Score of 90/100. Revenue: $604.7M. Assets: $2.1B. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Phillips Exeter Academy?
The Employer Identification Number (EIN) for Phillips Exeter Academy is 20222174. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Phillips Exeter Academy spend its money?
Phillips Exeter Academy allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Phillips Exeter Academy's tax-exempt status?
You can verify Phillips Exeter Academy's tax-exempt status using EIN 20222174 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
Phillips Exeter Academy demonstrates robust financial health, consistently maintaining substantial assets, which reached over $2 billion in 2021 and remained strong at $2.002 billion in 2023. The organization's revenue streams have shown variability, with a notable peak of $245.6 million in 2021, but generally exceed expenses, indicating sound financial management. For instance, in 2023, revenue was $153.5 million against expenses of $153.1 million, showing a near break-even operational year, while 2022 saw revenue of $231.4 million significantly outstripping expenses of $143.6 million. This consistent ability to cover expenses and grow assets suggests a stable and well-managed financial operation.
The academy's spending efficiency appears strong, with expenses generally well-controlled relative to its substantial revenue and asset base. The consistent growth in assets over the past decade, from $1.5 billion in 2014 to over $2 billion in recent years, highlights effective long-term financial stewardship. The absence of reported officer compensation in the provided data for all periods is a significant point regarding transparency, suggesting that executive compensation, if any, is not reported in the 'Officer Comp' field or is zero, which warrants further investigation for a complete picture of executive remuneration.
Overall, Phillips Exeter Academy exhibits characteristics of a financially strong and efficiently managed institution. Its substantial asset base provides long-term stability, and its operational revenues generally cover expenses, allowing for continued mission delivery. The lack of reported officer compensation in the provided summary is a notable data point that could be further clarified for enhanced transparency.