Phipps Neighborhoods Inc
Phipps Neighborhoods Inc. shows fluctuating revenues and expenses with consistent 0% reported officer compensation.
EIN: 132707665 · New York, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $41.5M |
| Total Expenses | $17.5M |
| Program Spending | 75% |
| CEO/Top Officer Pay | $10 |
| Net Assets | $12.9M |
| Transparency Score | 70/100 |
Is Phipps Neighborhoods Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Phipps Neighborhoods Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Phipps Neighborhoods Inc
Phipps Neighborhoods Inc (EIN: 132707665) is a nonprofit organization based in New York, NY. The organization reported total revenue of $41.5M and total assets of $20.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Phipps Neighborhoods Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Phipps Neighborhoods Inc is a large nonprofit that has been operating for 53 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of -0.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $17.8M |
| Total Expenses | $17.5M |
| Surplus / Deficit | +$305K |
| Total Assets | $20.6M |
| Total Liabilities | $7.6M |
| Net Assets | $12.9M |
| Operating Margin | 1.7% |
| Debt-to-Asset Ratio | 37.1% |
| Months of Reserves | 14.1 months |
Financial Health Grade: A
In 2023, Phipps Neighborhoods Inc reported a surplus of $305K with revenue exceeding expenses, holds 14.1 months of operating reserves (strong position), has a debt-to-asset ratio of 37.1% (moderate leverage).
Financial Trends
Over 14 years of filings (2010–2023), Phipps Neighborhoods Inc's revenue has declined at a compound annual growth rate (CAGR) of -0.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -1.6% | +5.0% | +12.0% |
| 2022 | -40.1% | +14.7% | -60.4% |
| 2021 | +128.7% | -10.6% | +60.2% |
| 2020 | -52.5% | -22.8% | -6.4% |
| 2019 | +161.9% | -1.5% | +24.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1973 |
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 Phipps Neighborhoods Inc with a Mission Score of 70 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: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Phipps Neighborhoods Inc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% 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 $305K, with revenue exceeding expenses.
- Debt-to-asset ratio: 37.1%.
Executive Compensation Analysis
The IRS 990 filings consistently report 0% officer compensation across all available periods, which is highly unusual for an organization with revenues often exceeding $10 million. This either indicates that executive compensation is not being reported in this specific field or that the organization operates with exceptionally low or no paid executive leadership, which would be a significant positive for efficiency.
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 Phipps Neighborhoods Inc's IRS 990 filings:
- Unexplained 0% officer compensation across all filings, which is highly unusual for an organization of this scale.
- Significant year-over-year fluctuations in revenue and expenses, indicating potential instability or reliance on variable funding.
- Lack of detailed expense breakdown (program, admin, fundraising) in the provided data, hindering a full assessment of spending efficiency.
Strengths
The following positive indicators were identified for Phipps Neighborhoods Inc:
- Maintained positive net assets despite significant revenue and expense fluctuations, indicating financial resilience.
- Consistently reported 0% officer compensation, which, if accurate, suggests highly efficient use of funds at the executive level.
- Demonstrates a long filing history (14 filings), indicating consistent compliance with IRS reporting requirements.
Frequently Asked Questions about Phipps Neighborhoods Inc
Is Phipps Neighborhoods Inc a legitimate charity?
Phipps Neighborhoods Inc (EIN: 132707665) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 70/100. It has 14 years of IRS 990 filings on record. Total revenue: $41.5M. 3 red flags identified. 3 strengths noted. Financial health grade: A.
How does Phipps Neighborhoods Inc spend its money?
Phipps Neighborhoods Inc directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Phipps Neighborhoods Inc tax-deductible?
Phipps Neighborhoods Inc is registered as a tax-exempt nonprofit (EIN: 132707665). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Phipps Neighborhoods Inc CEO make?
Phipps Neighborhoods Inc's highest-compensated officer earns $10 annually. The organization reported $41.5M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Phipps Neighborhoods Inc's spending goes to programs?
Phipps Neighborhoods Inc directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Phipps Neighborhoods Inc located?
Phipps Neighborhoods Inc is headquartered in New York, New York and files with the IRS under EIN 132707665.
How many years of IRS 990 filings does Phipps Neighborhoods Inc have?
Phipps Neighborhoods Inc 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 $41.5M in total revenue.
Why is officer compensation consistently reported as 0%?
The consistent reporting of 0% officer compensation across all 14 filings is highly unusual for an organization of this size and revenue. It warrants further investigation to understand if compensation is reported elsewhere, if executives are unpaid, or if there's an alternative reporting method.
What is the detailed breakdown of program, administrative, and fundraising expenses?
The provided data does not offer a detailed breakdown of how expenses are allocated between programs, administration, and fundraising. This information is crucial for assessing spending efficiency and understanding the organization's operational priorities.
What caused the significant revenue fluctuations, such as the drop from $30,198,997 in 202106 to $18,079,167 in 202206?
The organization experienced substantial year-over-year revenue changes, including a significant decrease between 202106 and 202206. Understanding the underlying reasons, such as grant cycles or project completion, would provide insight into financial stability and funding sources.
How does the organization manage its liabilities, which have fluctuated significantly?
Liabilities have varied considerably, from a low of $3,060,953 in 201412/201506 to a high of $9,670,179 in 202106. An understanding of the nature of these liabilities and the organization's strategy for managing them is important for financial health assessment.
Filing History
IRS 990 filing history for Phipps Neighborhoods Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Phipps Neighborhoods Inc's revenue has declined by 8.2%, moving from $19.4M to $17.8M. Total assets increased by 24.2% over the same period, from $16.6M to $20.6M. Total functional expenses fell by 1.9%, from $17.8M to $17.5M. In its most recent filing year (2023), Phipps Neighborhoods Inc reported a surplus of $305K, with revenue exceeding expenses. The organization holds $7.6M in liabilities against $20.6M in assets (debt-to-asset ratio: 37.1%), resulting in net assets of $12.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $17.8M | $17.5M | $20.6M | $7.6M | — | — |
| 2022 | $18.1M | $16.6M | $18.4M | $7.1M | — | View 990 |
| 2021 | $30.2M | $14.5M | $46.3M | $9.7M | — | View 990 |
| 2020 | $13.2M | $16.2M | $28.9M | $9.3M | — | View 990 |
| 2019 | $27.8M | $21.0M | $30.9M | $7.5M | — | View 990 |
| 2018 | $10.6M | $21.4M | $24.8M | $8.3M | — | — |
| 2017 | $14.5M | $21.5M | $33.0M | $5.5M | — | View 990 |
| 2016 | $25.8M | $22.0M | $38.5M | $4.4M | — | View 990 |
| 2015 | $36.1M | $17.1M | $40.1M | $3.1M | — | View 990 |
| 2014 | $36.1M | $17.1M | $40.1M | $3.1M | — | View 990 |
| 2013 | $22.2M | $16.4M | $22.6M | $3.4M | — | View 990 |
| 2012 | $17.7M | $18.0M | $16.2M | $3.4M | — | View 990 |
| 2011 | $17.7M | $17.3M | $16.2M | $3.2M | — | View 990 |
| 2010 | $19.4M | $17.8M | $16.6M | $4.4M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $17.8M, expenses of $17.5M, and assets of $20.6M (revenue -1.6% year-over-year).
- 2022: Revenue of $18.1M, expenses of $16.6M, and assets of $18.4M (revenue -40.1% year-over-year).
- 2021: Revenue of $30.2M, expenses of $14.5M, and assets of $46.3M (revenue +128.7% year-over-year).
- 2020: Revenue of $13.2M, expenses of $16.2M, and assets of $28.9M (revenue -52.5% year-over-year).
- 2019: Revenue of $27.8M, expenses of $21.0M, and assets of $30.9M (revenue +161.9% year-over-year).
- 2018: Revenue of $10.6M, expenses of $21.4M, and assets of $24.8M (revenue -26.7% year-over-year).
- 2017: Revenue of $14.5M, expenses of $21.5M, and assets of $33.0M (revenue -43.9% year-over-year).
- 2016: Revenue of $25.8M, expenses of $22.0M, and assets of $38.5M (revenue -28.5% year-over-year).
- 2015: Revenue of $36.1M, expenses of $17.1M, and assets of $40.1M (revenue +0.0% year-over-year).
- 2014: Revenue of $36.1M, expenses of $17.1M, and assets of $40.1M (revenue +63.0% year-over-year).
- 2013: Revenue of $22.2M, expenses of $16.4M, and assets of $22.6M (revenue +25.1% year-over-year).
- 2012: Revenue of $17.7M, expenses of $18.0M, and assets of $16.2M (revenue +0.0% year-over-year).
- 2011: Revenue of $17.7M, expenses of $17.3M, and assets of $16.2M (revenue -8.6% year-over-year).
- 2010: Revenue of $19.4M, expenses of $17.8M, and assets of $16.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Phipps Neighborhoods Inc:
Data Sources and Methodology
This transparency report for Phipps Neighborhoods 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.