Kermit G Phillips II Charitable Tr
Only null% goes to programs Strong reserves
Kermit G Phillips II Charitable Tr is a 501(c)(3) organization based in Greensboro, North Carolina, registered in 2002, with $5,142,964 in FY2024 revenue. CharityIndex grades it B.
1400 Battleground Ave Ste 201, Greensboro, NC, 27408 EIN 04-6977585 Since 2002
Revenue (FY2024)
$5.1M
▲ 93.6% vs prior year
Philanthropy median: $168K
Expenses (FY2024)
$3.4M
Net assets
$46.7M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Kermit G Phillips II Charitable Tr— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
B+Financial health25% of the rating167 mo reserves · +35% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Kermit G Phillips II Charitable Tr: 167 mo reserves · +35% margin earns a B+ on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Kermit G Phillips II Charitable Tr— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Kermit G Phillips II Charitable Tr: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
- Address
- 1400 Battleground Ave Ste 201, Greensboro, NC, 27408
- City
- Greensboro
- State
- North Carolina
- Subcategory
- Support Foundations & Fundraising
- Website
- …
Financial trends
Revenue grew from $453K (FY2016) to $5.1M (FY2024) across 9 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $3.2MNet assets $46.7M
Operating margin
34.8%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$49.9M
Total liabilities
$3.2M
Net assets
$46.7M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $5,142,964▲93.6% | $3,351,361▼14.3% | $46,723,613▲2.7% | $49,875,275▲0.5% | 990PF |
| 2023 | $2,657,105▲30.0% | $3,908,837▲14.7% | $45,516,452▼22.7% | $49,620,486▼15.7% | 990PF |
| 2022 | $2,043,327▼61.0% | $3,409,362▲3.8% | $58,846,462▼17.7% | $58,854,090▼17.7% | 990PF |
| 2021 | $5,235,464▲433% | $3,285,607▼10.4% | $71,482,072▲19.3% | $71,515,607▲13.3% | 990PF |
| 2020 | -$1,574,144▼157% | $3,665,638▲32.1% | $59,895,407▼5.7% | $63,114,572▼0.7% | 990PF |
| 2019 | $2,744,722▼41.0% | $2,774,174▲7.7% | $63,512,660▲15.0% | $63,530,778▲15.0% | 990PF |
| 2018 | $4,649,457▲15.6% | $2,575,093▲5.6% | $55,212,761▼6.8% | $55,225,070▼6.8% | 990PF |
| 2017 | $4,022,167▲788% | $2,438,737▼53.6% | $59,255,552▲8.2% | $59,261,771▲8.2% | 990PF |
| 2016 | $453,170 | $5,258,926 | $54,746,592 | $54,750,895 | 990PF |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
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Frequently asked questions
- Is Kermit G Phillips II Charitable Tr a legitimate nonprofit?
- Yes. Kermit G Phillips II Charitable Tr is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 04-6977585, based in Greensboro, North Carolina. Donations are tax-deductible.
- What is Kermit G Phillips II Charitable Tr's EIN?
- Kermit G Phillips II Charitable Tr's Employer Identification Number (EIN) is 04-6977585.
- How much revenue does Kermit G Phillips II Charitable Tr report?
- Kermit G Phillips II Charitable Tr reported $5,142,964 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Kermit G Phillips II Charitable Tr have?
- CharityIndex grades Kermit G Phillips II Charitable Tr B, based on financial health (reserves and operating margin).
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Data for Kermit G Phillips II Charitable Tr (EIN 04-6977585) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.