Harvey Phillips Foundation Inc
Harvey Phillips Foundation consistently directs all reported compensation to non-officer expenses, maintaining stable operations despite fluctuating revenue.
EIN: 132935236 · Bloomington, IN · NTEE: T21Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $238K |
| Total Expenses | $269K |
| Program Spending | 90% |
| Net Assets | $399K |
| Transparency Score | 92/100 |
Is Harvey Phillips Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Harvey Phillips Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Harvey Phillips Foundation Inc
Harvey Phillips Foundation Inc (EIN: 132935236) is a nonprofit organization based in Bloomington, IN, classified under NTEE code T21Z. The organization reported total revenue of $238K and total assets of $407K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Harvey Phillips Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Harvey Phillips Foundation Inc is a small nonprofit that has been operating for 48 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 3.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $228K |
| Total Expenses | $269K |
| Surplus / Deficit | $-41,203 |
| Total Assets | $417K |
| Total Liabilities | $18K |
| Net Assets | $399K |
| Operating Margin | -18.1% |
| Debt-to-Asset Ratio | 4.4% |
| Months of Reserves | 18.6 months |
Financial Health Grade: B
In 2023, Harvey Phillips Foundation Inc reported a deficit of $41K with expenses exceeding revenue, holds 18.6 months of operating reserves (strong position), has a debt-to-asset ratio of 4.4% (very low leverage).
Financial Trends
Over 12 years of filings (2012–2023), Harvey Phillips Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +53.8% | +21.9% | -1.3% |
| 2022 | +911.5% | -10.2% | -14.4% |
| 2021 | -94.2% | +6.4% | -31.6% |
| 2020 | -10.6% | +23.6% | +2.1% |
| 2019 | +11.7% | -1.2% | +15.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1978 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Harvey Phillips Foundation Inc with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Harvey Phillips Foundation Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $41K, with expenses exceeding revenue.
- Debt-to-asset ratio: 4.4%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no salaries or other compensation are paid to officers, which is highly commendable for a nonprofit of this size.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Harvey Phillips Foundation Inc's IRS 990 filings:
- Significant year-over-year revenue volatility (e.g., $14,659 in 202106 after $250,617 in 202006).
Strengths
The following positive indicators were identified for Harvey Phillips Foundation Inc:
- Consistent 0% officer compensation across all filings, maximizing program impact.
- Low and stable liabilities, indicating sound financial management.
- Long history of consistent IRS 990 filings, demonstrating transparency.
- Maintained operational expenses despite revenue fluctuations, showing resilience.
Frequently Asked Questions about Harvey Phillips Foundation Inc
Is Harvey Phillips Foundation Inc a legitimate charity?
Harvey Phillips Foundation Inc (EIN: 132935236) is a registered tax-exempt nonprofit based in Indiana. Our AI analysis gives it a Mission Score of 92/100. It has 12 years of IRS 990 filings on record. Total revenue: $238K. 1 red flag identified. 4 strengths noted. Financial health grade: B.
How does Harvey Phillips Foundation Inc spend its money?
Harvey Phillips Foundation Inc directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to Harvey Phillips Foundation Inc tax-deductible?
Harvey Phillips Foundation Inc is registered as a tax-exempt nonprofit (EIN: 132935236). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Harvey Phillips Foundation Inc's spending goes to programs?
Harvey Phillips Foundation Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Harvey Phillips Foundation Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Harvey Phillips Foundation Inc is above average for NTEE category T21Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Harvey Phillips Foundation Inc located?
Harvey Phillips Foundation Inc is headquartered in Bloomington, Indiana and files with the IRS under EIN 132935236. It is classified under NTEE code T21Z.
How many years of IRS 990 filings does Harvey Phillips Foundation Inc have?
Harvey Phillips Foundation Inc has 12 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $238K in total revenue.
Is Harvey Phillips Foundation Inc. financially stable given its revenue fluctuations?
While revenue has fluctuated significantly (e.g., $14,659 in 202106 vs. $228,087 in 202306), the organization has maintained relatively stable expense levels and low liabilities, suggesting operational resilience and careful management to navigate these changes.
How does the absence of officer compensation impact the organization?
The 0% officer compensation across all filings means that all funds are directed towards program delivery, administrative costs, and fundraising, significantly enhancing the organization's efficiency and demonstrating a strong commitment to its mission over executive pay.
What is the trend in the organization's assets?
Assets have fluctuated, peaking at $721,775 in 202006 and currently at $406,774. This suggests that the organization's financial health is more reliant on annual revenue and spending rather than a steadily growing endowment.
Filing History
IRS 990 filing history for Harvey Phillips Foundation Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Harvey Phillips Foundation Inc's revenue has grown by 47.8%, moving from $154K to $228K. Total assets increased by 75.4% over the same period, from $238K to $417K. Total functional expenses rose by 54.4%, from $174K to $269K. In its most recent filing year (2023), Harvey Phillips Foundation Inc reported a deficit of $41K, with expenses exceeding revenue. The organization holds $18K in liabilities against $417K in assets (debt-to-asset ratio: 4.4%), resulting in net assets of $399K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $228K | $269K | $417K | $18K | — | View 990 |
| 2022 | $148K | $221K | $423K | $12K | — | View 990 |
| 2021 | $15K | $246K | $494K | $10K | — | View 990 |
| 2020 | $251K | $231K | $722K | $6K | — | View 990 |
| 2019 | $280K | $187K | $707K | $11K | — | View 990 |
| 2018 | $251K | $189K | $610K | $9K | — | View 990 |
| 2017 | $235K | $215K | $546K | $8K | — | View 990 |
| 2016 | $241K | $131K | $524K | $5K | — | View 990 |
| 2015 | $224K | $107K | $422K | $13K | — | View 990 |
| 2014 | $216K | $127K | $298K | $8K | — | View 990 |
| 2013 | $168K | $169K | $209K | $9K | — | View 990 |
| 2012 | $154K | $174K | $238K | $10K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $228K, expenses of $269K, and assets of $417K (revenue +53.8% year-over-year).
- 2022: Revenue of $148K, expenses of $221K, and assets of $423K (revenue +911.5% year-over-year).
- 2021: Revenue of $15K, expenses of $246K, and assets of $494K (revenue -94.2% year-over-year).
- 2020: Revenue of $251K, expenses of $231K, and assets of $722K (revenue -10.6% year-over-year).
- 2019: Revenue of $280K, expenses of $187K, and assets of $707K (revenue +11.7% year-over-year).
- 2018: Revenue of $251K, expenses of $189K, and assets of $610K (revenue +6.8% year-over-year).
- 2017: Revenue of $235K, expenses of $215K, and assets of $546K (revenue -2.6% year-over-year).
- 2016: Revenue of $241K, expenses of $131K, and assets of $524K (revenue +7.8% year-over-year).
- 2015: Revenue of $224K, expenses of $107K, and assets of $422K (revenue +3.4% year-over-year).
- 2014: Revenue of $216K, expenses of $127K, and assets of $298K (revenue +28.9% year-over-year).
- 2013: Revenue of $168K, expenses of $169K, and assets of $209K (revenue +8.8% year-over-year).
- 2012: Revenue of $154K, expenses of $174K, and assets of $238K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Harvey Phillips Foundation Inc:
Data Sources and Methodology
This transparency report for Harvey Phillips Foundation Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.