Phillips Strickland House Corporation
Phillips Strickland House Corporation consistently spends more than it earns, with no reported officer compensation.
EIN: 10342167 · Bangor, ME · NTEE: L22Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.0M |
| Total Expenses | $2.7M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $7 |
| Net Assets | $6.5M |
| Transparency Score | 75/100 |
Is Phillips Strickland House Corporation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Phillips Strickland House Corporation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Phillips Strickland House Corporation
Phillips Strickland House Corporation (EIN: 10342167) is a nonprofit organization based in Bangor, ME, classified under NTEE code L22Z. The organization reported total revenue of $2.0M and total assets of $6.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Phillips Strickland House Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Phillips Strickland House Corporation is a mid-size nonprofit that has been operating for 50 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.1M |
| Total Expenses | $2.7M |
| Surplus / Deficit | $-634,065 |
| Total Assets | $7.1M |
| Total Liabilities | $560K |
| Net Assets | $6.5M |
| Operating Margin | -30.4% |
| Debt-to-Asset Ratio | 7.9% |
| Months of Reserves | 31.1 months |
Financial Health Grade: B
In 2023, Phillips Strickland House Corporation reported a deficit of $634K with expenses exceeding revenue, holds 31.1 months of operating reserves (strong position), has a debt-to-asset ratio of 7.9% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Phillips Strickland House Corporation's revenue has grown at a compound annual growth rate (CAGR) of 0.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -7.1% | +1.8% | +0.1% |
| 2022 | +6.1% | +7.5% | -16.5% |
| 2021 | +14.4% | +3.3% | +5.3% |
| 2020 | -1.9% | +8.7% | +4.6% |
| 2019 | +1.6% | +2.6% | +10.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1976 |
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 House Corporation with a Mission Score of 75 out of 100 (Good). 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: 85%
- fundraising: 5%
According to IRS 990 filings, Phillips Strickland House Corporation allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $634K, with expenses exceeding revenue.
- Debt-to-asset ratio: 7.9%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries or other compensation are paid to its officers, which is highly unusual for an organization of its size with assets exceeding $7 million.
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 House Corporation's IRS 990 filings:
- Consistent deficit spending (expenses exceeding revenue) in recent years, e.g., $2,719,720 expenses vs. $2,085,655 revenue in 2023.
- Lack of clarity on how consistent deficits are funded without drawing down assets unsustainably.
Strengths
The following positive indicators were identified for Phillips Strickland House Corporation:
- Zero reported officer compensation, indicating a strong commitment to mission over executive pay.
- Substantial asset base ($7,057,403 in 2023) providing financial stability despite operating deficits.
- Consistent revenue generation over $1.8 million annually, demonstrating a stable funding base.
Frequently Asked Questions about Phillips Strickland House Corporation
Is Phillips Strickland House Corporation a legitimate charity?
Phillips Strickland House Corporation (EIN: 10342167) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $2.0M. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Phillips Strickland House Corporation spend its money?
Phillips Strickland House Corporation directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Phillips Strickland House Corporation tax-deductible?
Phillips Strickland House Corporation is registered as a tax-exempt nonprofit (EIN: 10342167). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Phillips Strickland House Corporation CEO make?
Phillips Strickland House Corporation's highest-compensated officer earns $7 annually. The organization reported $2.0M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Phillips Strickland House Corporation's spending goes to programs?
Phillips Strickland House Corporation directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Phillips Strickland House Corporation compare to similar nonprofits?
With a transparency score of 75/100 (Good), Phillips Strickland House Corporation is above average for NTEE category L22Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Phillips Strickland House Corporation located?
Phillips Strickland House Corporation is headquartered in Bangor, Maine and files with the IRS under EIN 10342167. It is classified under NTEE code L22Z.
How many years of IRS 990 filings does Phillips Strickland House Corporation have?
Phillips Strickland House Corporation 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 $2.0M in total revenue.
Is Phillips Strickland House Corporation a good charity?
Phillips Strickland House Corporation exhibits strong indicators of mission focus due to 0% officer compensation and consistent asset levels. However, the recurring deficit spending (e.g., $2,719,720 expenses vs. $2,085,655 revenue in 2023) raises questions about long-term financial sustainability, which would need further investigation into their funding sources and reserves.
How does Phillips Strickland House Corporation cover its consistent operating deficits?
The consistent deficits, such as the $634,065 difference in 2023 ($2,719,720 expenses - $2,085,655 revenue), suggest the organization is either drawing from its substantial assets ($7,057,403 in 2023) or relying on other non-revenue income sources not detailed in the summary data. This trend is not sustainable indefinitely without a clear strategy.
What is the purpose of Phillips Strickland House Corporation given its NTEE code L22Z?
The NTEE code L22Z indicates that Phillips Strickland House Corporation is involved in Housing & Shelter, specifically 'Housing Development, Construction & Management - Other.' This suggests their primary activities likely revolve around providing or managing housing services.
Filing History
IRS 990 filing history for Phillips Strickland House Corporation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Phillips Strickland House Corporation's revenue has grown by 6.4%, moving from $2.0M to $2.1M. Total assets increased by 6.8% over the same period, from $6.6M to $7.1M. Total functional expenses rose by 39.5%, from $1.9M to $2.7M. In its most recent filing year (2023), Phillips Strickland House Corporation reported a deficit of $634K, with expenses exceeding revenue. The organization holds $560K in liabilities against $7.1M in assets (debt-to-asset ratio: 7.9%), resulting in net assets of $6.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.1M | $2.7M | $7.1M | $560K | — | — |
| 2022 | $2.2M | $2.7M | $7.1M | $567K | — | View 990 |
| 2021 | $2.1M | $2.5M | $8.4M | $726K | — | — |
| 2020 | $1.9M | $2.4M | $8.0M | $825K | — | View 990 |
| 2019 | $1.9M | $2.2M | $7.7M | $530K | — | View 990 |
| 2018 | $1.9M | $2.2M | $6.9M | $527K | — | View 990 |
| 2017 | $1.8M | $2.1M | $7.2M | $292K | — | View 990 |
| 2016 | $2.1M | $2.1M | $6.8M | $347K | — | View 990 |
| 2015 | $2.1M | $2.1M | $7.0M | $423K | — | View 990 |
| 2014 | $2.1M | $2.1M | $7.5M | $365K | — | View 990 |
| 2013 | $1.9M | $2.0M | $7.8M | $570K | — | View 990 |
| 2012 | $1.9M | $1.9M | $6.5M | $441K | — | View 990 |
| 2011 | $2.0M | $1.9M | $6.6M | $818K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.1M, expenses of $2.7M, and assets of $7.1M (revenue -7.1% year-over-year).
- 2022: Revenue of $2.2M, expenses of $2.7M, and assets of $7.1M (revenue +6.1% year-over-year).
- 2021: Revenue of $2.1M, expenses of $2.5M, and assets of $8.4M (revenue +14.4% year-over-year).
- 2020: Revenue of $1.9M, expenses of $2.4M, and assets of $8.0M (revenue -1.9% year-over-year).
- 2019: Revenue of $1.9M, expenses of $2.2M, and assets of $7.7M (revenue +1.6% year-over-year).
- 2018: Revenue of $1.9M, expenses of $2.2M, and assets of $6.9M (revenue +4.9% year-over-year).
- 2017: Revenue of $1.8M, expenses of $2.1M, and assets of $7.2M (revenue -15.3% year-over-year).
- 2016: Revenue of $2.1M, expenses of $2.1M, and assets of $6.8M (revenue +0.7% year-over-year).
- 2015: Revenue of $2.1M, expenses of $2.1M, and assets of $7.0M (revenue -1.7% year-over-year).
- 2014: Revenue of $2.1M, expenses of $2.1M, and assets of $7.5M (revenue +9.9% year-over-year).
- 2013: Revenue of $1.9M, expenses of $2.0M, and assets of $7.8M (revenue -0.1% year-over-year).
- 2012: Revenue of $1.9M, expenses of $1.9M, and assets of $6.5M (revenue -1.9% year-over-year).
- 2011: Revenue of $2.0M, expenses of $1.9M, and assets of $6.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Phillips Strickland House Corporation:
Data Sources and Methodology
This transparency report for Phillips Strickland House 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.