Phils Friends
Phils Friends consistently directs all reported officer compensation to programs, showing strong financial health and asset growth.
EIN: 203087488 · Crown Point, IN · NTEE: F60 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.1M |
| Total Expenses | $1.4M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $1.5 |
| Net Assets | $575K |
| Transparency Score | 95/100 |
Is Phils Friends Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Phils Friends directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Phils Friends
Phils Friends (EIN: 203087488) is a nonprofit organization based in Crown Point, IN, classified under NTEE code F60. The organization reported total revenue of $2.1M and total assets of $622K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Phils Friends's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Phils Friends is a mid-size nonprofit that has been operating for 20 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 10.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.5M |
| Total Expenses | $1.4M |
| Surplus / Deficit | +$93K |
| Total Assets | $632K |
| Total Liabilities | $58K |
| Net Assets | $575K |
| Operating Margin | 6.0% |
| Debt-to-Asset Ratio | 9.1% |
| Months of Reserves | 5.3 months |
Financial Health Grade: A
In 2023, Phils Friends reported a surplus of $93K with revenue exceeding expenses, holds 5.3 months of operating reserves (adequate), has a debt-to-asset ratio of 9.1% (very low leverage).
Financial Trends
Over 14 years of filings (2010–2023), Phils Friends's revenue has grown at a compound annual growth rate (CAGR) of 10.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +54.0% | +48.6% | +41.9% |
| 2022 | +10.3% | +18.8% | +30.5% |
| 2021 | +1.5% | -16.6% | +32.2% |
| 2020 | -27.7% | -19.1% | -34.6% |
| 2019 | +8.0% | +23.0% | +19.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Phils Friends 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: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Phils Friends 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 $93K, with revenue exceeding expenses.
- Debt-to-asset ratio: 9.1%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers receive salaries from the organization, which is highly unusual for an organization with revenues exceeding $1.5 million in 2023.
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 Phils Friends's IRS 990 filings:
- Lack of detailed breakdown for administrative and fundraising expenses in provided data, making precise efficiency analysis challenging.
Strengths
The following positive indicators were identified for Phils Friends:
- Consistent 0% officer compensation across all filings, indicating high dedication to mission.
- Strong asset growth from $202,262 in 2014 to $632,417 in 2023, demonstrating financial stability.
- Expenses consistently close to revenue, suggesting efficient deployment of funds towards programs (e.g., $1,439,676 expenses vs. $1,532,375 revenue in 2023).
- Long history of 14 IRS 990 filings, indicating consistent transparency and compliance.
- Positive net income in most years, contributing to asset accumulation.
Frequently Asked Questions about Phils Friends
Is Phils Friends a legitimate charity?
Phils Friends (EIN: 203087488) is a registered tax-exempt nonprofit based in Indiana. Our AI analysis gives it a Mission Score of 95/100. It has 14 years of IRS 990 filings on record. Total revenue: $2.1M. 1 red flag identified. 5 strengths noted. Financial health grade: A.
How does Phils Friends spend its money?
Phils Friends directs 90% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Phils Friends tax-deductible?
Phils Friends is registered as a tax-exempt nonprofit (EIN: 203087488). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Phils Friends CEO make?
Phils Friends's highest-compensated officer earns $1.5 annually. The organization reported $2.1M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Phils Friends's spending goes to programs?
Phils Friends directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Phils Friends compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Phils Friends is above average for NTEE category F60 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Phils Friends located?
Phils Friends is headquartered in Crown Point, Indiana and files with the IRS under EIN 203087488. It is classified under NTEE code F60.
How many years of IRS 990 filings does Phils Friends have?
Phils Friends has 14 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 $2.1M in total revenue.
Is Phils Friends a good charity?
Based on the provided data, Phils Friends appears to be a very good charity. It consistently spends nearly all its revenue on expenses, has grown its assets significantly, and reports 0% officer compensation, indicating a strong commitment to its mission.
How has Phils Friends' financial health changed over time?
Phils Friends has shown consistent financial growth and stability. Revenue has generally increased from $510,290 in 2014 to $1,532,375 in 2023, and assets have more than tripled from $202,262 to $632,417 over the same period, demonstrating robust financial health.
What is the organization's approach to executive compensation?
The organization reports 0% officer compensation in all available filings, meaning no salaries are paid to its officers. This is a highly positive indicator of its dedication to directing funds towards its programs.
Filing History
IRS 990 filing history for Phils Friends showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Phils Friends's revenue has grown by 252%, moving from $435K to $1.5M. Total assets increased by 104.9% over the same period, from $309K to $632K. Total functional expenses rose by 408.5%, from $283K to $1.4M. In its most recent filing year (2023), Phils Friends reported a surplus of $93K, with revenue exceeding expenses. The organization holds $58K in liabilities against $632K in assets (debt-to-asset ratio: 9.1%), resulting in net assets of $575K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.5M | $1.4M | $632K | $58K | — | — |
| 2022 | $995K | $969K | $446K | $99K | — | View 990 |
| 2021 | $902K | $816K | $342K | $21K | — | View 990 |
| 2020 | $889K | $978K | $258K | $27K | — | — |
| 2019 | $1.2M | $1.2M | $395K | $73K | — | View 990 |
| 2018 | $1.1M | $982K | $330K | $28K | — | View 990 |
| 2017 | $1.1M | $1.1M | $215K | $66K | — | View 990 |
| 2016 | $877K | $994K | $166K | $33K | — | View 990 |
| 2015 | $889K | $831K | $268K | $17K | — | View 990 |
| 2014 | $510K | $568K | $202K | $10K | — | View 990 |
| 2013 | $573K | $567K | $264K | $14K | — | View 990 |
| 2012 | $440K | $429K | $346K | $29K | — | View 990 |
| 2011 | $354K | $350K | $337K | $31K | — | View 990 |
| 2010 | $435K | $283K | $309K | $7K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.5M, expenses of $1.4M, and assets of $632K (revenue +54.0% year-over-year).
- 2022: Revenue of $995K, expenses of $969K, and assets of $446K (revenue +10.3% year-over-year).
- 2021: Revenue of $902K, expenses of $816K, and assets of $342K (revenue +1.5% year-over-year).
- 2020: Revenue of $889K, expenses of $978K, and assets of $258K (revenue -27.7% year-over-year).
- 2019: Revenue of $1.2M, expenses of $1.2M, and assets of $395K (revenue +8.0% year-over-year).
- 2018: Revenue of $1.1M, expenses of $982K, and assets of $330K (revenue -0.8% year-over-year).
- 2017: Revenue of $1.1M, expenses of $1.1M, and assets of $215K (revenue +30.9% year-over-year).
- 2016: Revenue of $877K, expenses of $994K, and assets of $166K (revenue -1.4% year-over-year).
- 2015: Revenue of $889K, expenses of $831K, and assets of $268K (revenue +74.2% year-over-year).
- 2014: Revenue of $510K, expenses of $568K, and assets of $202K (revenue -11.0% year-over-year).
- 2013: Revenue of $573K, expenses of $567K, and assets of $264K (revenue +30.3% year-over-year).
- 2012: Revenue of $440K, expenses of $429K, and assets of $346K (revenue +24.3% year-over-year).
- 2011: Revenue of $354K, expenses of $350K, and assets of $337K (revenue -18.7% year-over-year).
- 2010: Revenue of $435K, expenses of $283K, and assets of $309K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Phils Friends:
Data Sources and Methodology
This transparency report for Phils Friends 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.