Phelps Community Corporation

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Phelps Community Corporation Form 990, Revenue, CEO Pay, and IRS Filing Signals

Phelps Community Corporation is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Phelps Community Corporation in one place.

Is Phelps Community Corporation Legit?

Some Concerns

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

IRS 990 Data Cockpit

Where the Money Comes From and Where It Goes

Across stored filings, Phelps Community Corporation shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.

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Keep the Investigation Moving

Phelps Community Corporation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Phelps Community Corporation

Phelps Community Corporation (EIN: 133263295) is a nonprofit organization based in Sleepy Hollow, NY, classified under NTEE code P20. The organization reported total revenue of $4.3M and total assets of $19.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Phelps Community Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

Organization Overview

Phelps Community Corporation is a mid-size nonprofit that has been operating for 41 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 15.8%.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

Financial Health Grade: A

In 2023, Phelps Community Corporation reported a surplus of $1.2M with revenue exceeding expenses, holds 229.8 months of operating reserves (strong position), has a debt-to-asset ratio of 0.6% (very low leverage).

Financial Trends

Over 13 years of filings (2011–2023), Phelps Community Corporation's revenue has grown at a compound annual growth rate (CAGR) of 15.8%.

IRS Tax-Exempt Classification

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 Phelps Community Corporation 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: 5%
• programs: 90%
• fundraising: 5%

According to IRS 990 filings, Phelps Community Corporation allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. 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 surplus of $1.2M, with revenue exceeding expenses.
• Debt-to-asset ratio: 0.6%.

Executive Compensation Analysis

Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization. This is highly unusual for an organization with assets nearing $20 million and annual revenues over $2 million, suggesting either a volunteer-led executive team or compensation is covered by an affiliated entity, which would warrant further investigation for full transparency.

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 Phelps Community Corporation's IRS 990 filings:

• Unusually low expense ratios, particularly in earlier years (e.g., 2017 expenses were $10,385 on $1.19M revenue), which could indicate underreporting of expenses or significant capital accumulation without clear program spending details.
• Consistent 0% officer compensation for an organization of this size and asset base is highly unusual and warrants further investigation to ensure full transparency regarding leadership costs.

Strengths

The following positive indicators were identified for Phelps Community Corporation:

• Strong financial health with consistent revenue generation exceeding expenses, leading to significant asset growth from $5.7M in 2014 to $17.9M in 2023.
• Very low liabilities relative to assets, indicating a strong balance sheet and minimal financial risk (e.g., $105,451 liabilities vs. $17.9M assets in 2023).
• No reported officer compensation, suggesting a high dedication of resources to the mission or volunteer leadership.
• Consistent growth in assets over the past decade, demonstrating financial stability and capacity building.

Frequently Asked Questions about Phelps Community Corporation

Filing History

IRS 990 filing history for Phelps Community Corporation showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Phelps Community Corporation's revenue has grown by 480.2%, moving from $374K to $2.2M. Total assets increased by 351.6% over the same period, from $4.0M to $17.9M. Total functional expenses rose by 7690.4%, from $12K to $935K. In its most recent filing year (2023), Phelps Community Corporation reported a surplus of $1.2M, with revenue exceeding expenses. The organization holds $105K in liabilities against $17.9M in assets (debt-to-asset ratio: 0.6%), resulting in net assets of $17.8M.

Year-by-Year Financial Summary

• 2023: Revenue of $2.2M, expenses of $935K, and assets of $17.9M (revenue +0.5% year-over-year).
• 2022: Revenue of $2.2M, expenses of $1.8M, and assets of $15.1M (revenue -9.8% year-over-year).
• 2021: Revenue of $2.4M, expenses of $1.5M, and assets of $19.0M (revenue +28.1% year-over-year).
• 2020: Revenue of $1.9M, expenses of $402K, and assets of $16.8M (revenue +23.3% year-over-year).
• 2019: Revenue of $1.5M, expenses of $993K, and assets of $14.2M (revenue +10.7% year-over-year).
• 2018: Revenue of $1.4M, expenses of $42K, and assets of $11.0M (revenue +14.3% year-over-year).
• 2017: Revenue of $1.2M, expenses of $10K, and assets of $10.2M (revenue -5.6% year-over-year).
• 2016: Revenue of $1.3M, expenses of $7K, and assets of $8.0M (revenue +52.2% year-over-year).
• 2015: Revenue of $833K, expenses of $17K, and assets of $6.4M (revenue +106.4% year-over-year).
• 2014: Revenue of $404K, expenses of $13K, and assets of $5.7M (revenue +3.5% year-over-year).
• 2013: Revenue of $390K, expenses of $12K, and assets of $5.2M (revenue +-0.0% year-over-year).
• 2012: Revenue of $390K, expenses of $12K, and assets of $4.4M (revenue +4.3% year-over-year).
• 2011: Revenue of $374K, expenses of $12K, and assets of $4.0M.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for Phelps Community Corporation:

Data Sources and Methodology

This transparency report for Phelps Community Corporation 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.