Is Phipps Neighborhoods Inc Legit?

Quick charity verification for Phipps Neighborhoods Inc (EIN: 132707665)

Verdict: Phipps Neighborhoods Inc appears trustworthy

70/100Mission Score

$41.5MRevenue

$20.9MAssets

3Red Flags

3Strengths

Red Flags

Unexplained 0% officer compensation across all filings, which is highly unusual for an organization of this scale.
Significant year-over-year fluctuations in revenue and expenses, indicating potential instability or reliance on variable funding.
Lack of detailed expense breakdown (program, admin, fundraising) in the provided data, hindering a full assessment of spending efficiency.

Strengths

Maintained positive net assets despite significant revenue and expense fluctuations, indicating financial resilience.
Consistently reported 0% officer compensation, which, if accurate, suggests highly efficient use of funds at the executive level.
Demonstrates a long filing history (14 filings), indicating consistent compliance with IRS reporting requirements.

Spending Breakdown

How Phipps Neighborhoods Inc allocates its funds across programs, administration, and fundraising.

75%

Program Spending

Healthy — majority goes to mission

15%

Admin Costs

Reasonable — admin costs in check

10%

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 Phipps Neighborhoods Inc

Is Phipps Neighborhoods Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Phipps Neighborhoods Inc (EIN: 132707665) appears trustworthy. Mission Score: 70/100. 3 red flags identified, 3 strengths noted.

Is Phipps Neighborhoods Inc a good charity to donate to?

Phipps Neighborhoods Inc has a Mission Score of 70/100. Revenue: $41.5M. Assets: $20.9M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Phipps Neighborhoods Inc?

The Employer Identification Number (EIN) for Phipps Neighborhoods Inc is 132707665. 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 Phipps Neighborhoods Inc spend its money?

Phipps Neighborhoods Inc allocates 75% to programs, 15% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Phipps Neighborhoods Inc's tax-exempt status?

You can verify Phipps Neighborhoods Inc's tax-exempt status using EIN 132707665 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

Phipps Neighborhoods Inc. demonstrates a fluctuating financial landscape over the past decade. While the latest reported revenue for 202306 was $17,793,021 against expenses of $17,487,828, indicating a narrow surplus, the organization experienced significant revenue and expense volatility in prior years. For instance, revenue peaked at $30,198,997 in 202106, while expenses were as high as $22,005,543 in 201606. The consistent reporting of 0% officer compensation across all available filings suggests either that executive compensation is not reported in this field or that it is exceptionally low, which could be a positive indicator for donor confidence if the former is not the case. The organization's assets have also seen considerable swings, from a high of $46,342,034 in 202106 to $20,562,721 in 202306, indicating dynamic financial management or significant project-based funding cycles.

Spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses, which are not provided in the summary data. However, the consistent reporting of 0% officer compensation, if accurate and comprehensive, would suggest a highly efficient use of funds at the executive level. The organization's ability to maintain positive net assets, even with fluctuating revenues and expenses, suggests a degree of financial stability. Transparency regarding the allocation of expenses into program, administrative, and fundraising categories would further enhance public trust and allow for a more precise evaluation of spending efficiency.

Overall, Phipps Neighborhoods Inc. appears to be a financially active organization with significant operations. The lack of reported officer compensation is a notable point for transparency, though further detail on expense allocation would be beneficial for a complete financial health assessment. The organization's ability to manage substantial revenue and expense fluctuations while maintaining a positive asset base indicates resilience.

View Full Transparency Report →

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.