The Phyllis Foundation Inc
EIN: 471049591 · Birmingham, AL · NTEE: T20
| Metric | Value |
|---|---|
| Total Revenue | $334K |
| Total Expenses | $99K |
| Net Assets | $1.7M |
Is The Phyllis Foundation Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About The Phyllis Foundation Inc
The Phyllis Foundation Inc (EIN: 471049591) is a nonprofit organization based in Birmingham, AL, classified under NTEE code T20. The organization reported total revenue of $334K and total assets of $1.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Phyllis Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Phyllis Foundation Inc is a small nonprofit that has been operating for 11 years, with 6 years of IRS 990 filings on record (2015–2023). Revenue has grown at a compound annual rate of -13.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $326K |
| Total Expenses | $99K |
| Surplus / Deficit | +$227K |
| Total Assets | $1.7M |
| Total Liabilities | $1 |
| Net Assets | $1.7M |
| Operating Margin | 69.5% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 210.0 months |
Financial Health Grade: A
In 2023, The Phyllis Foundation Inc reported a surplus of $227K with revenue exceeding expenses, holds 210.0 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 6 years of filings (2015–2023), The Phyllis Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -13.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +9.9% | +9.6% | +15.0% |
| 2022 | +53.7% | -1.7% | +15.8% |
| 2020 | -110.5% | +26.7% | -9.9% |
| 2019 | -52.3% | +522.6% | +34.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2015 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for The Phyllis Foundation Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates The Phyllis Foundation Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $227K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Frequently Asked Questions about The Phyllis Foundation Inc
Is The Phyllis Foundation Inc a legitimate charity?
The Phyllis Foundation Inc (EIN: 471049591) is a registered tax-exempt nonprofit based in Alabama. It has 6 years of IRS 990 filings on record. Total revenue: $334K. No red flags identified. Financial health grade: A.
How does The Phyllis Foundation Inc spend its money?
The Phyllis Foundation Inc reported $334K in total revenue in IRS 990 filings. 6 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to The Phyllis Foundation Inc tax-deductible?
The Phyllis Foundation Inc is registered as a tax-exempt nonprofit (EIN: 471049591). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is The Phyllis Foundation Inc located?
The Phyllis Foundation Inc is headquartered in Birmingham, Alabama and files with the IRS under EIN 471049591. It is classified under NTEE code T20.
How many years of IRS 990 filings does The Phyllis Foundation Inc have?
The Phyllis Foundation Inc has 6 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 $334K in total revenue.
Filing History
IRS 990 filing history for The Phyllis Foundation Inc showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2015–2023), The Phyllis Foundation Inc's revenue has declined by 67.7%, moving from $1.0M to $326K. Total assets increased by 74.2% over the same period, from $997K to $1.7M. Total functional expenses rose by 842.7%, from $11K to $99K. In its most recent filing year (2023), The Phyllis Foundation Inc reported a surplus of $227K, with revenue exceeding expenses. The organization holds $1 in liabilities against $1.7M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $326K | $99K | $1.7M | $1 | — | View 990 |
| 2022 | $297K | $91K | $1.5M | $298 | — | View 990 |
| 2021 | $193K | $92K | $1.3M | $298 | — | View 990 |
| 2020 | $-50,574 | $83K | $1.2M | $585 | — | View 990 |
| 2019 | $481K | $66K | $1.3M | $1 | — | View 990 |
| 2015 | $1.0M | $11K | $997K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $326K, expenses of $99K, and assets of $1.7M (revenue +9.9% year-over-year).
- 2022: Revenue of $297K, expenses of $91K, and assets of $1.5M (revenue +53.7% year-over-year).
- 2021: Revenue of $193K, expenses of $92K, and assets of $1.3M.
- 2020: Revenue of $-50,574, expenses of $83K, and assets of $1.2M (revenue -110.5% year-over-year).
- 2019: Revenue of $481K, expenses of $66K, and assets of $1.3M (revenue -52.3% year-over-year).
- 2015: Revenue of $1.0M, expenses of $11K, and assets of $997K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Phyllis Foundation Inc:
Data Sources and Methodology
This transparency report for The Phyllis Foundation 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.