Phoenix School Inc

Analysis

Phoenix School Inc is a registered charity in United States, based in Salem, MA. It received its IRS tax-exemption ruling in May 1983, 43 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Phoenix School Inc reported income of $562k and spending of $452k, spending 80% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $347k to $562k (+62%), an average of +13% a year. The sharpest change came in the year to June 2021, when income rose by 24%. Over the whole period it spent 81% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Phoenix School Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 72nd percentile within MA. Charities of a similar size with the same main cause include Satellite Senior Homes Newark Gardens II Inc ($562k), Illuminating Engineering Society ($562k) and Montana Chamber Foundation ($562k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 14% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $83k (18% of expenses). Other salaries and wages came to $178k. At year end it held assets of $787k against liabilities of $348k, net assets of $439k. It reported 5 employees.