Phoenix Houses of New England Inc

Analysis

Phoenix Houses of New England Inc is a registered charity in United States, based in Providence, RI. It received its IRS tax-exemption ruling in August 1968, 58 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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 2022, Phoenix Houses of New England Inc reported income of $15.1m and spending of $9.4m, leaving 38% of income unspent that year. Across the 4 years on record, from June 2019 to June 2022, income fell from $26.5m to $15.1m (-43%), an average of -17% a year. The sharpest change came in the year to June 2020, when income dropped by 37%. Over the whole period it spent 92% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Phoenix Houses of New England Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within RI. Charities of a similar size with the same main cause include Primary Care Health Services ($15.1m), Childrens Surgical Associates of NJ Inc ($15.1m) and California Coverage and Health Initiatives ($15.1m).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 0.1% and program service revenue 36% of the total. Other salaries and wages came to $4.1m. At year end it held assets of $8.0m against liabilities of $2.3m, net assets of $5.6m. It reported 337 employees.