Phillips Strickland Charities
Phillips Strickland Charities maintains strong assets and zero executive compensation, though 2023 saw expenses outpace revenue.
EIN: 10523156 · Bangor, ME · NTEE: T11 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $954K |
| Total Expenses | $503K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $4.6M |
| Net Assets | $4.6M |
| Transparency Score | 95/100 |
Is Phillips Strickland Charities Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Phillips Strickland Charities directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Phillips Strickland Charities
Phillips Strickland Charities (EIN: 10523156) is a nonprofit organization based in Bangor, ME, classified under NTEE code T11. The organization reported total revenue of $954K and total assets of $4.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Phillips Strickland Charities's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Phillips Strickland Charities is a small nonprofit that has been operating for 25 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $246K |
| Total Expenses | $503K |
| Surplus / Deficit | $-256,492 |
| Total Assets | $4.6M |
| Net Assets | $4.6M |
| Operating Margin | -104.2% |
| Months of Reserves | 109.2 months |
Financial Health Grade: B
In 2023, Phillips Strickland Charities reported a deficit of $256K with expenses exceeding revenue, holds 109.2 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Phillips Strickland Charities's revenue has grown at a compound annual growth rate (CAGR) of 3.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -49.4% | +74.4% | +1.6% |
| 2022 | -18.9% | +26.5% | -15.8% |
| 2021 | +90.9% | -34.4% | +12.7% |
| 2020 | -32.9% | -9.2% | +3.9% |
| 2019 | +36.6% | +1.3% | +14.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2001 |
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 Phillips Strickland Charities with a Mission Score of 95 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Phillips Strickland Charities allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. 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 $256K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is consistently reported at 0% across all available filings, indicating that no funds are allocated to officer salaries, which is highly unusual for an organization of its asset size ($4.6M). This suggests a volunteer-led or very lean administrative structure.
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 Phillips Strickland Charities's IRS 990 filings:
- Significant expense increase in 2023 ($502,715) leading to a deficit relative to revenue ($246,223)
- Unusually low revenue in 2023 compared to the previous year ($246,223 vs $486,308)
Strengths
The following positive indicators were identified for Phillips Strickland Charities:
- Consistent 0% officer compensation, indicating high efficiency in executive overhead.
- Strong and stable asset base ($4,623,229) providing financial security.
- Absence of liabilities in recent years (2017-2023), indicating sound financial management.
- Excellent transparency with a complete history of 990 filings available.
- Historically strong program spending due to minimal administrative and fundraising costs.
Frequently Asked Questions about Phillips Strickland Charities
Is Phillips Strickland Charities a legitimate charity?
Based on AI analysis of IRS 990 filings, Phillips Strickland Charities (EIN: 10523156) some concerns. Mission Score: 95/100. 2 red flags identified, 5 strengths noted.
How does Phillips Strickland Charities spend its money?
Phillips Strickland Charities directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Phillips Strickland Charities tax-deductible?
Phillips Strickland Charities is registered as a tax-exempt nonprofit (EIN: 10523156). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Phillips Strickland Charities CEO make?
Phillips Strickland Charities's highest-compensated officer earns $4.6M annually. The organization reported $954K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Phillips Strickland Charities compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Phillips Strickland Charities is above average for NTEE category T11 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Phillips Strickland Charities located?
Phillips Strickland Charities is headquartered in Bangor, Maine and files with the IRS under EIN 10523156. It is classified under NTEE code T11.
How many years of IRS 990 filings does Phillips Strickland Charities have?
Phillips Strickland Charities has 13 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 $954K in total revenue.
How does Phillips Strickland Charities manage to operate with 0% officer compensation?
The consistent reporting of 0% officer compensation suggests that the organization is either entirely volunteer-run at the executive level or that executive functions are performed by staff whose compensation is categorized under other expense lines, or potentially by an affiliated entity. This is a significant indicator of efficiency.
What caused the significant increase in expenses in 2023 ($502,715) compared to previous years, especially relative to revenue ($246,223)?
The 2023 filing shows expenses more than doubling from 2022 and significantly exceeding revenue. This could indicate a major program expansion, a one-time capital expenditure, or a strategic draw from reserves. Further detail from the full 990 filing would be needed to understand the specific nature of these expenses.
Given the substantial assets, what is the organization's strategy for utilizing these funds to further its mission?
With assets consistently above $4 million, Phillips Strickland Charities possesses a significant endowment or reserve. Understanding how these assets are invested and drawn upon to support ongoing programs, especially during years where expenses exceed revenue, is key to assessing long-term sustainability and impact.
Filing History
IRS 990 filing history for Phillips Strickland Charities showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Phillips Strickland Charities's revenue has grown by 49.1%, moving from $165K to $246K. Total assets increased by 11% over the same period, from $4.1M to $4.6M. Total functional expenses rose by 0.4%, from $501K to $503K. In its most recent filing year (2023), Phillips Strickland Charities reported a deficit of $256K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $246K | $503K | $4.6M | $0 | — | — |
| 2022 | $486K | $288K | $4.5M | $0 | — | View 990 |
| 2021 | $600K | $228K | $5.4M | $0 | — | — |
| 2020 | $314K | $348K | $4.7M | $0 | — | View 990 |
| 2019 | $468K | $383K | $4.6M | $0 | — | View 990 |
| 2018 | $343K | $378K | $4.0M | $0 | — | View 990 |
| 2017 | $282K | $376K | $4.5M | $0 | — | View 990 |
| 2016 | $225K | $388K | $4.1M | $0 | — | View 990 |
| 2015 | $400K | $403K | $4.3M | $7K | — | View 990 |
| 2014 | $392K | $476K | $4.7M | $10K | — | View 990 |
| 2013 | $675K | $364K | $4.7M | $7K | — | View 990 |
| 2012 | $245K | $382K | $4.2M | $3K | — | View 990 |
| 2011 | $165K | $501K | $4.1M | $3K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $246K, expenses of $503K, and assets of $4.6M (revenue -49.4% year-over-year).
- 2022: Revenue of $486K, expenses of $288K, and assets of $4.5M (revenue -18.9% year-over-year).
- 2021: Revenue of $600K, expenses of $228K, and assets of $5.4M (revenue +90.9% year-over-year).
- 2020: Revenue of $314K, expenses of $348K, and assets of $4.7M (revenue -32.9% year-over-year).
- 2019: Revenue of $468K, expenses of $383K, and assets of $4.6M (revenue +36.6% year-over-year).
- 2018: Revenue of $343K, expenses of $378K, and assets of $4.0M (revenue +21.6% year-over-year).
- 2017: Revenue of $282K, expenses of $376K, and assets of $4.5M (revenue +25.6% year-over-year).
- 2016: Revenue of $225K, expenses of $388K, and assets of $4.1M (revenue -43.8% year-over-year).
- 2015: Revenue of $400K, expenses of $403K, and assets of $4.3M (revenue +1.9% year-over-year).
- 2014: Revenue of $392K, expenses of $476K, and assets of $4.7M (revenue -41.9% year-over-year).
- 2013: Revenue of $675K, expenses of $364K, and assets of $4.7M (revenue +175.0% year-over-year).
- 2012: Revenue of $245K, expenses of $382K, and assets of $4.2M (revenue +48.7% year-over-year).
- 2011: Revenue of $165K, expenses of $501K, and assets of $4.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Phillips Strickland Charities:
Data Sources and Methodology
This transparency report for Phillips Strickland Charities 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.