Phase 2 Expanded Trust is a 501(c)(3) organization based in Navajo, New Mexico, registered in 2021, with $930,659 in FY2024 revenue. CharityIndex grades it D.
Revenue (FY2024)
$931K
▼ 80.6% vs prior year
Environment median: $250K
Expenses (FY2024)
$3.1M
Net assets
$14.1M
Employees
—
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 Phase 2 Expanded Trust— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
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 Phase 2 Expanded Trust: 54 mo reserves · -235% margin earns a F on this criterion. See the exact thresholds →
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 Phase 2 Expanded Trust— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
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 Phase 2 Expanded Trust: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Revenue grew from $58K (FY2019) to $931K (FY2024) across 6 reported years.
Financial snapshot
Operating margin
-234.8%
Spent more than it raised in the latest fiscal year.
Total assets
$15.2M
Total liabilities
$1.1M
Net assets
$14.1M
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $930,659▼80.6% | $3,115,858▲30.7% | $14,114,362▼13.4% | $15,211,352▼8.9% | 990 |
| 2023 | $4,800,055▲216% | $2,384,434▲24.3% | $16,299,561▲17.4% | $16,692,851▲17.8% | 990 |
| 2022 | $1,521,304▼47.2% | $1,918,733▲28.2% | $13,883,940▼2.8% | $14,176,263▼1.2% | 990 |
| 2021 | $2,883,152▼75.8% | $1,496,950▼50.1% | $14,281,369▲10.7% | $14,346,650▲9.1% | 990 |
| 2020 | $11,898,781▲20264% | $3,002,555▼12.9% | $12,895,167▲222% | $13,151,778▲212% | 990 |
| 2019 | $58,430 | $3,448,315 | $3,998,941 | $4,215,026 | 990 |
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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Data for Phase 2 Expanded Trust (EIN 82-2790358) 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.