Phoenix Academy Day School

Analysis

Phoenix Academy Day School is a registered charity in United States, based in Omaha, NE. It received its IRS tax-exemption ruling in August 2005, 21 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Phoenix Academy Day School reported income of $4.0m and spending of $1.6m, leaving 61% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $698k to $4.0m (+470%), an average of +54% a year. The sharpest change came in the year to June 2023, when income rose by 176%. Over the whole period it spent 76% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Phoenix Academy Day School sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 90th percentile within NE. Charities of a similar size with the same main cause include Missoula International School ($4.0m), Alliance for Children ($4.0m) and Childrens Developmental Center ($4.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 90% and program service revenue 8.7% of the total. Compensation of current officers, directors and key employees was $100k (6.4% of expenses). Other salaries and wages came to $861k. At year end it held assets of $6.6m against liabilities of $65k, net assets of $6.5m. It reported 35 employees.